Northwoods Capital 26 Euro (Refinance): 08 August 2026

The assets securing the Debt will consist primarily of a portfolio of Secured Senior Loans, Secured Senior Bonds, High Yield Bonds and Unsecured Senior Obligations, managed by Northwoods European CLO Management LLC.

On 23 June 2022 (the Original Issue Date) Northwoods Capital 26 Euro DAC issued Class A Senior Secured Floating Rate Notes due 2035, Class B-1 Senior Secured Floating Rate Notes due 2035, Class B-2 Senior Secured Fixed Rate Notes due 2035, Class C Mezzanine Secured Deferrable Floating Rate Notes due 2035, Class D Mezzanine Secured Deferrable Floating Rate Notes due 2035, Class E Mezzanine Secured Deferrable Floating Rate Notes due 2035, Class F Mezzanine Secured Deferrable Floating Rate Notes due 2035, Class Z Notes due 2035 and Subordinated Notes due 2035.

On or about 7 August 2026 (the Issue Date) the Issuer will, subject to certain conditions, refinance in whole the Refinanced Notes by issuing Class X Senior Secured Floating Rate Notes due 2040, Class A Senior Secured Floating Rate Notes due 2040, Class B Senior Secured Floating Rate Notes due 2040, Class C Mezzanine Secured Deferrable Floating Rate Notes due 2040, Class D-1 Mezzanine Secured Deferrable Floating Rate Notes due 2040, Class D-2 Mezzanine Secured Deferrable Floating Rate Notes due 2040, Class E Mezzanine Secured Deferrable Floating Rate Notes due 2040, Class F-1 Mezzanine Secured Deferrable Floating Rate Notes due 2040 and Class F-2 Mezzanine Secured Deferrable Floating Rate Notes due 2040.

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