Jubilee CLO 2013-X DAC (3rd Refinance): 04 July 2026

The assets securing the Notes will consist predominantly of a portfolio of Secured Senior Loans, Secured Senior Bonds, Unsecured Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by BSP CLO Management LLC.

On 15 July 2013 (the Original Issue Date) Jubilee CLO 2013-X BV issued Class A Senior Secured Floating Rate Notes due 2025, Class B Senior Secured Floating Rate Notes due 2025, Class C Deferrable Mezzanine Floating Rate Notes due 2025, Class D Deferrable Mezzanine Floating Rate Notes due 2025, Class E Deferrable Junior Floating Rate Notes due 2025 and Subordinated Notes due 2025.

Pursuant to a supplemental trust deed (the “2017 Supplemental Trust Deed”) the Original Issuer refinanced in whole each Class of the 2017 Rated Notes by issuing Class X Senior Secured Floating Rate Notes due 2031, Class A Senior Secured Floating Rate Notes due 2031, Class B-1 Senior Secured Floating Rate Notes due 2031, Class B-2 Senior Secured Fixed Rate Notes due 2031, Class C-1 Deferrable Mezzanine Floating Rate Notes due 2031, Class C-2 Senior Secured Floating Rate Notes due 2031, Class D Deferrable Mezzanine Floating Rate Notes due 2031, Class E Deferrable Junior Floating Rate Notes due 2031 and Class F Deferrable Junior Floating Rate Notes due 2031.

Pursuant to a deed of amendment and supplement (the “2021 Deed of Amendment”) the Issuer refinanced the 2017 Reset Notes by issuing Class X Senior Secured Floating Rate Notes due 2034, Class A-1 Senior Secured Floating Rate Notes due 2034, Class A-2 Senior Secured Floating Rate Notes due 2034, Class B Senior Secured Floating Rate Notes due 2034, Class C Senior Secured Deferrable Floating Rate Notes due 2034, Class D Senior Secured Deferrable Floating Rate Notes due 2034, Class E Senior Secured Deferrable Floating Rate Notes due 2034, Class F Senior Secured Deferrable Floating Rate Notes due 2034 and additional Subordinated Notes due 2034.

On or about 2 July 2026, Jubilee CLO 2013-X DAC will issue Class A Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes, Class F Notes and Additional Subordinated Notes.

The Existing Subordinated Notes were issued on the Original Issue Date or the 2021 Refinancing Date with a principal amount outstanding of €60,500,000 and are not being offered pursuant to this Offering.

The Refinancing Notes (other than any Refinancing Notes being sold directly by the Issuer to the Retention Holder on the Issue Date) will be offered by the Issuer through Deutsche Bank Securities Inc in its capacity as placement agent of such Refinancing Notes and purchased from the Issuer by Deutsche Bank Aktiengesellschaft in its capacity as settlement agent.