Providus CLO XI DAC (Refinance): 21 July 2026

The assets securing the Debt will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, managed by Permira European CLO Manager LLP.

On 7 January 2025 (the Original Issue Date) Providus CLO XI DAC issued Class A Senior Secured Floating Rate Notes due 2038, Class B Senior Secured Floating 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 E Senior Secured Deferrable Floating Rate Notes due 2038, Class F-1 Senior Secured Deferrable Floating Rate Notes due 2038 and Subordinated Notes due 2038.

On 20 July 2026 (the Issue Date) the Issuer will, subject to certain conditions, refinance in whole each Class of the Refinanced Debt by issuing Class A-R Senior Secured Floating Rate Notes due 2038, 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, Class F-R Senior Secured Deferrable Floating Rate Notes due 2039 and 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 Offered Notes are being offered by the Issuer through Merrill Lynch International in its capacity as Initial Purchaser of the Offered Notes subject to prior sale and subject to certain conditions.