Arini European CLO X DAC: 06 July 2026

The assets securing the Notes will primarily consist of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations, Second Lien Loans, Corporate Rescue Loans and High Yield Bonds, and will be managed by Arini Loan Management US LLC – European Management Series.

On or about 3 July 2026 (the Issue Date) Arini European CLO X DAC will issue Class A Senior Secured Floating Rate Notes due 2040, Class B Senior Secured Floating Rate Notes due 2040, Class C Senior Secured Deferrable Floating Rate Notes due 2040, Class D Senior Secured Deferrable Floating Rate Notes due 2040, Class E Senior Secured Deferrable Floating Rate Notes due 2040, Class F Senior Secured Deferrable Floating Rate Notes due 2040 and Subordinated Notes due 2040.

The Notes are being offered by the Issuer through Citigroup Global Markets Limited (other than certain of the Retention Notes which are being sold on the Issue Date directly by the Issuer to the Retention Holder).

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 €385mln, which is approximately 90.58% of the Target Par Amount.

EU & UK Risk Retention: Arini Loan Management will act as Retention Holder. In such capacity, for the purposes of the EU/UK Retention Requirements, the Originator, Sponsor or Original Lender will retain, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with the applicable EU/UK Retention Requirement.

US Risk Retention: The Retention Holder will retain the US Retained Interest in compliance with the US Risk Retention Rules and such that the US Retained Interest satisfies the requirements for retaining an “eligible vertical interest” under the US Risk Retention Rules.