Providus CLO XV DAC: 10 June 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 Permira Credit European CLO Manager 2 LLP.

Providus CLO XV Designated Activity Company will issue Class A Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes, Class F Notes and Subordinated Notes.

In addition, on the Issue Date, the Issuer will enter into a loan agreement (the Class A Loan Agreement) pursuant to which the lenders specified therein will make available to the Issuer a loan facility in an amount of €83,000,000. The Class A Facility will be fully drawn on the Issue Date.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which is equal to at least €360mln, which is approximately 90% of the Target Par Amount.

The Notes (other than the Retention Notes and other Subordinated Notes purchased by the Retention Holder) are being offered by the Issuer through Merrill Lynch International in its capacity as initial purchaser of the Notes.

UK & EU Risk Retention: The Collateral Manager (Permira European CLO Manager 2 LLP) shall act as the Retention Holder for the purposes of the Retention Requirements and will purchase and retain, for so long as any Notes are outstanding, on its own account, a material net economic interest in the transaction comprising a Principal Amount Outstanding of Subordinated Notes multiplied by the purchase price thereof, of not less than 5.0% of the Collateral Principal Amount.

US Risk Retention: The Collateral Manager does not expect to be required to retain the Minimum Risk Retention Requirement pursuant to the US Risk Retention Rules provided, however, the Collateral Manager in its capacity as Retention Holder will retain the Retention Notes on the Issue Date.