Henley CLO XVI DAC: 20 August 2026

The assets securing the Debt will consist primarily of a portfolio of Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, managed by Napier Park Global Capital Ltd.

On the Issue Date (19 August 2026) Henley CLO XVI DAC will issue Class A Senior Secured Floating Rate Notes due 2039, Class B Senior Secured Floating Rate Notes due 2039, Class C Senior Secured Deferrable Floating Rate Notes due 2039, Class D Senior Secured Deferrable Floating Rate Notes due 2039, Class E Senior Secured Deferrable Floating Rate Notes due 2039, Class F Senior Secured Deferrable Floating Rate Notes due 2039 and Subordinated Notes due 2039.

The Notes (other than the Retention Notes) are being offered by the Issuer through Citigroup Global Markets Limited, or an affiliate thereof, in its capacity as placement agent.

EU & UK Risk Retention: The Retention Holder (Napier Park Global Capital Ltd) will undertake to acquire on the Issue Date and retain, in its capacity as “originator” for the purposes of the EU/UK Retention Requirements, on an ongoing basis for so long as any Class of Notes remains outstanding, a material net economic interest equal to not less than 5% of the nominal value of each Class of Notes, pursuant to paragraph 3(a) of Article 6 of the EU/UK Securitisation Regulation as in effect on the Issue Date.

US Risk Retention: The Collateral Manager has informed the Issuer that neither it nor any of its affiliates intends to purchase or retain any Notes for the purposes of complying with the US Risk Retention Rules on or after the Issue Date.