Blackrock European CLO III DAC (2nd Refinance): 03 September 2026

The assets securing the Notes will consist of a portfolio primarily of Senior Loans, Senior Secured Bonds, Mezzanine Obligations and High Yield Bonds, managed by BlackRock Investment Management (UK) Limited.

On 16 June 2017 (the Original Issue Date) BlackRock European CLO III DAC Class A Senior Secured Floating Rate Notes due 2030, Class B Senior Secured Floating Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030, Class D Senior Secured Deferrable Floating Rate Notes due 2030, Class E Senior Secured Deferrable Floating Rate Notes due 2030, Class F Senior Secured Deferrable Floating Rate Notes due 2030 and Subordinated Notes due 2030.

On 15 June 2021 (the 2021 Refinancing Date) the Issuer refinanced the Original Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2035, Class B-R Senior Secured Floating Rate Notes due 2035, Class C-R Senior Secured Deferrable Floating Rate Notes due 2035, Class D-R Senior Secured Deferrable Floating Rate Notes due 2035, Class E-R Senior Secured Deferrable Floating Rate Notes due 2035 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2035.

On or about 2 September 2026 (the Issue Date) the Issuer reissued the 2021 Refinanced Notes by issuing Class A-R-R Senior Secured Floating Rate Notes due 2039, Class B-R-R Senior Secured Floating Rate Notes due 2039, Class C-R-R Senior Secured Deferrable Floating Rate Notes due 2039, Class D-R-R Senior Secured Deferrable Floating Rate Notes due 2039, Class E-R-R Senior Secured Deferrable Floating Rate Notes due 2039, Class F-R-R Senior Secured Deferrable Floating Rate Notes due 2039 and additional Subordinated Notes due 2039.

The Offered Notes are being offered by the Issuer through NATIXIS in its capacity as arranger and initial purchaser.