Adagio XIV EUR CLO DAC: 13 April 2026

The assets securing the Debt will consist predominantly of a portfolio of Secured Senior Loans, Mezzanine Obligations, Corporate Rescue Loans and Loss Mitigation Obligations, and will be managed by AXA Investment Managers US Inc.

On or about 10 April 2026 (the Issue Date) Adagio XIV EUR CLO DAC will issue Class A Notes, Class B-1 Notes, Class B-2 Notes, Class C Notes, Class D Notes, Class E Notes, Class F Notes and Subordinated Notes.

The Notes are being offered by the Issuer through Merrill Lynch International in its capacity as arranger and as initial purchaser of such Notes.

The Issuer anticipates that, prior to the Issue Date, the Investment Manager on its behalf will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which equals at least €370mln, representing at least 92.5% of the Target Par Amount.

EU Risk Retention: The Investment Manager in its capacity as originator will subscribe for on the Issue Date and retain thereafter, on an ongoing basis for so long as any Class of Notes remains outstanding, a material net economic interest in the form specified in Article 6(3)(a) of the EU Securitisation Regulation of not less than 5.0% of the outstanding nominal value of each of the tranches sold or transferred to investors on the Issue Date.

US Risk Retention: Based on the LSTA Decision, it should be assumed by each prospective investor that no party involved in the transaction will obtain on the Issue Date and retain any Notes intended to satisfy the US Risk Retention Rules.