Diameter Capital EU CLO I : 04 April 2026

The assets securing the Debt will consist of a portfolio of primarily Senior Loans, Secured Senior Bonds, Mezzanine Obligations, Second Lien Loans and High Yield Bonds, and will be managed by Diameter EU CLO Advisors LLC.

Diameter Capital Partners LP is a global alternative asset manager focused on credit markets, with approximately $26.3 billion of assets under management as of 30 November 2025. This transaction will be their inaugural European CLO issuance.

Eligibility criteria (includes): it is a Secured Senior Loan, a Secured Senior Bond, a Corporate Rescue Loan, an Unsecured Senior Loan, an Unsecured Senior Bond, a Mezzanine Obligation, a Second Lien Loan, or a High Yield Bond (in each case, which is not a Participation of a Participation); it is not: (i) other than in the case of Corporate Rescue Loans and Current Pay Obligations, a Defaulted Obligation or a Credit Risk Obligation, or (ii) an Equity Security; it is not a Structured Finance Security, letter of credit or a Synthetic Security; it is not a Zero Coupon Security; other than in the case of (i) Corporate Rescue Loans; or (ii) Current Pay Obligations, it has a S&P Rating of not lower than “CCC-” and a Fitch Rating of not lower than “CCC-”; is not an ESG Collateral Obligation.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Portfolio Assets the Aggregate Principal Balance of which equals approximately €385mln of the Target Par Amount.

EU & UK Risk Retention: The Collateral Manager (Diameter EU CLO Advisors LLC) in its capacity as Retention Holder will acquire on the Issue Date and retain the Retention Notes for the purposes of complying with the EU/UK Retention Requirements.

US Risk Retention: The Retention Holder will retain the Retention Notes in order to satisfy the US Risk Retention Rules.