Barings Euro CLO 2024-2 DAC (refinance): 01 July 2026

The assets securing the Notes will consist of a portfolio of predominantly Secured Senior Obligations, Secured Senior Notes, Unsecured Senior Obligations, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by Barings (UK) Limited.

On 18 December 2024 (the Original Issue Date) the Issuer issued Class A Senior Secured Floating Rate Notes due 2038, Class B-1 Senior Secured Floating Rate Notes due 2038, Class B-2 Senior Secured Fixed Rate Notes due 2038, Class C Senior Secured Deferrable Floating Rate Notes due 2038, Class D Senior Secured Deferrable Floating Rate Notes due 2038, Class F Senior Secured Deferrable Floating Rate Notes due 2038 and Subordinated Notes due 2038.

On or about 26 June 2026 (the Re-issue Date) the Issuer will, subject to the satisfaction of certain conditions, refinance the Rated Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2039, Class B-R Senior Secured Floating Rate Notes due 2039, Class C-R Senior Secured Deferrable Floating Rate Notes due 2039, Class D-R Senior Secured Deferrable Floating Rate Notes due 2039, Class E-R Senior Secured Deferrable Floating Rate Notes due 2039 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2039, and also additional Subordinated Notes due 2039.

The Existing Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this Offering. The Additional Subordinated Notes being offered pursuant to this Offering Circular and the Existing Subordinated Notes shall form a single class of Subordinated Notes.

The refinancing Notes are being offered by the Issuer through NATIXIS in its capacity as initial purchaser of the offering of such Refinancing Notes subject to prior sale.