Silver Point Euro CLO 2 DAC : 09 July 2026

The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Silver Point CLO Equity Fund II Manager LP.

Eligibility criteria (includes): it is a Secured Senior Obligation, a Corporate Rescue Loan, an Unsecured Senior Obligation, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond; it is not a lease; it is not a Structured Finance Security, a Letter of Credit, a Synthetic Security or a Step-Down Coupon Security; it is not a Zero Coupon Security or a Step-Up Coupon Security; other than in the case of a Corporate Rescue Loan or an obligation which is Uptier Priming Debt or a Collateral Obligation issued by an Asset Priming Obligor (which shall have a rating as determined by the definition of “S&P Rating” and “Fitch Rating” as applicable), it is an obligation which has a S&P Rating of “CCC-” or higher and a Fitch Rating of “CCC-” or higher; it is not a debt obligation that pays scheduled interest less frequently than semi-annually (other than Annual Obligations and PIK Securities); it is an obligation with a purchase price greater than or equal to 60.0% of its par amount.

The Issuer has committed to purchase Collateral Obligations the Aggregate Principal Balance of which equals at least €360mln, representing at least 90% of the Target Par Amount.

EU/UK Risk Retention: The Retention Holder (Silver Point CLO Equity Fund II Manager LP) will hold the Retention Notes in its capacity as an originator for the purposes of the EU/UK Retention Requirements and will undertake to subscribe for and retain, on an ongoing basis for so long as any Class of Notes remains outstanding, a material net economic interest in the first loss tranche of not less than 5% of the nominal value of the securitised exposures through the purchase and retention of an economic interest in Subordinated Notes with a Principal Amount Outstanding equal to not less than 5% of the Collateral Principal Amount in accordance with Article 6(3)(d) of the EU Securitisation Regulation and UK SECN 5.2.8R(1)(d).

US Risk Retention: The Collateral Manager has determined that the US Risk Retention Rules do not apply to the Collateral Manager for purposes of this transaction on the Issue Date and, accordingly, the Collateral Manager will not (nor will any majority-owned affiliate of the Collateral Manager) acquire any risk retention interest contemplated by the US Risk Retention Rules.