EFTA Document EFTA01372985

RIN I Compared to 2015 BSL CLO • RIN's Equity investors benefit from lower leverage, lower WARF, and a higher spread relative to a comparably rated BSL CLO' • RIN I WARF2 of 1941 vs. BSL CLO WARP of 2809 • RIN I WAS' of 3.77% vs. BSL CLO WAS' of 3.58% WAS vs. WARF More Favorable WAS vs. Combined • RIN I More Favorable WARF and Leverage3 • 3.75% I 3.75% 3 70% 3.70% 3.65% 3.65% 2015 Median 2015 Median 3.60% BSL CLO BSL CLO 3.60% • • r -, r 3.55% 3.55% Less Less F