Canyon Euro CLO 2023-1 DAC (Refinance): 06 August 2026

The assets securing the Debt will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, managed by Canyon CLO Advisors LP.

On 10 May 2024 (the Original Issue Date) Canyon Euro CLO 2023-1 DAC issued Class A Senior Secured Floating Rate Notes due 2037, Class B-1 Senior Secured Floating Rate Notes due 2037, Class B-2 Senior Secured Fixed Rate Notes due 2037, Class C Senior Secured Deferrable Floating Rate Notes due 2037, Class D Senior Secured Deferrable Floating Rate Notes due 2037, Class E Senior Secured Deferrable Floating Rate Notes due 2037, Class F Senior Secured Deferrable Floating Rate Notes due 2037 and Subordinated Notes due 2037.

On or about 5 August 2026 (the Issue Date) Canyon Euro CLO 2023-1 DAC will issue Class X Senior Secured Floating Rate Notes due 2038, Class A Senior Secured Floating Rate Notes due 2038, Class B Senior Secured Floating Rate Notes due 2039, Class C Senior Secured Deferrable Floating Rate Notes due 2038, Class D Senior Secured Deferrable Floating Rate Notes due 2039, Class E Senior Secured Deferrable Floating Rate Notes due 2039 and Class F Senior Secured Deferrable Floating Rate Notes due 2039.

The Class Z Notes and the Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this offering.

The Refinancing Notes are being offered by the Issuer through Jefferies International Limited, or an affiliate thereof, in its capacity as arranger and as placement agent of the offering of such Refinancing Notes.