Anchorage Capital Europe CLO 12 DAC: 31 May 2026

The assets securing the Debt will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Anchorage CLO ECM LLC.

Anchorage Capital Europe CLO 12 DAC will issue Class A Senior Secured Floating Rate Notes due 2039, Class B Senior Secured Floating Rate Notes due 2039, Class C Senior Secured Deferrable Floating Rate Notes due 2039, Class D Senior Secured Deferrable Floating Rate Notes due 2039, Class E Senior Secured Deferrable Floating Rate Notes due 2039, Class F Senior Secured Deferrable Floating Rate Notes due 2039 and Subordinated Notes due 2039.

The Issuer has committed to purchase Collateral Obligations the aggregate Principal Balance of which equals at least €300mln, representing at least 75.0% of the Target Par Amount.

The Notes (other than the Retention Notes and other Subordinated Notes that are being sold directly by the Issuer to Anchorage CLO ECM LLC (the Retention Holder) and to an affiliate of the Retention Holder, respectively, on the Issue Date) are being offered by the Issuer through BNP Paribas in its capacity as Sole Arranger and placement agent of the offering of such Notes.

EU & UK Risk Retention: On the Issue Date, the Retention Holder (Anchorage CLO ECM LLC) will hold, on an ongoing basis, a material net economic interest in the transaction of not less than 5% of the nominal value of the securitised exposures.

US Risk Retention: Based on the LSTA ruling, no party involved in the transaction will obtain on the Issue Date and retain any Notes intended to satisfy the US Risk Retention Rules.