Avoca CLO XIII DAC (3rd Refinance): 20 August 2026

The assets securing the Notes will consist primarily of a portfolio of Senior Loans, Secured Senior Bonds, Corporate Rescue Loans, Mezzanine Obligations and High Yield Bonds managed by KKR Credit Advisors (Ireland) Unlimited Company.

On or about 19 August 2026 (the Issue Date) Avoca CLO XIII DAC will refinance the Refinanced Notes by issuing Class X-R Senior Secured Floating Rate Notes due 2039, Class A-R Senior Secured Floating Rate Notes due 2039, Class B-R Senior Secured Floating Rate Notes due 2039, Class C-R Deferrable Mezzanine Floating Rate Notes due 2039, Class D-R Deferrable Mezzanine Floating Rate Notes due 2039, Class E-R Deferrable Junior Floating Rate Notes due 2039 and Class F-R Deferrable Junior Floating Rate Notes due 2039.

The Original Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €46,000,000 and are not being offered pursuant to this offering. The Additional Subordinated Notes being offered pursuant to this offering together with the Original Subordinated Notes issued on the Original Issue Date shall form a single class of Subordinated Notes.

The Offered Notes are being offered by the Issuer through Morgan Stanley & Co International plc in its capacity as arranger and initial purchaser of the offering of such Notes.