Glendon Capital Management L.P. (“GCM”, “Glendon”, or the “Firm”) is a limited partnership organized under the laws of the state of Delaware and is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser. GCM is owned by Matthew Barrett, Holly Kim, Christopher Sayer, Alexander Thain, Christopher Delaney, Brian Berman, Michael Keegan and Glendon Employee Company M, LP. Other than Mr. Keegan, who retired in 2021, all of GCM’s individual owners are active in managing the business of GCM (such active partners, the “Glendon Partners”). Messrs. Barrett, Sayer and Thain and Ms. Kim are members of the Glendon Investment Committee. GCM was founded by Matthew Barrett, Holly Kim and Brian Berman, among others, and commenced operations on April 26, 2013. Christopher Sayer became a Partner on January 1, 2018. Alexander Thain and Christopher Delaney became Partners on October 1, 2021. Prior to forming GCM, Messrs. Barrett and Berman, and Ms. Kim (the “Founding Partners”) were the Managing Directors of Barclays Asset Management Group (“BAMG”), a subsidiary of Barclays Bank PLC (“Barclays”). The Founding Partners had previously worked together as Managing Directors of the Oaktree Capital Management Opportunities Fund (the “OCM Opportunities Fund”) investment team. From 2007 – 2014, the Glendon Partners and certain members of the Glendon Investment Team (as defined below) managed an account for Barclays (the “Barclays Account”). The Partners are supported by additional investment professionals (together with the Glendon Partners, the “Glendon Investment Team”). GCM is focused primarily on investing in credit opportunities and other special situations resulting from markets experiencing distress or dislocation, as well as adjacencies to those markets. Clients (as defined in the immediately following paragraph) may invest in and hold a variety of instruments, including, but not limited to, bank loans, public and private corporate bonds, municipal and sovereign debt, asset-backed securities, bankruptcy claims, equity securities received in connection with debt restructurings or otherwise (including, occasionally, through initial public offerings), and investments in private equity. Clients may also hold a variety of derivative instruments or short positions for investment and hedging purposes. GCM provides advisory services as described in the investment program of each Client’s Governing Documents (defined below) or as set forth in the advisory contract with such Client. Please refer to Item 8 for a more detailed description of our investment strategies and the types of investment instruments held by our Clients.

GCM acts as the investment manager to Glendon Opportunities Fund, L.P. and its associated feeder funds (“G1”), Glendon Opportunities Fund II, L.P. and its associated feeder funds (“G2”), Glendon Opportunities Fund III, L.P. and its associated feeder funds (“G3”), and to certain separately managed accounts of institutional investors. In the future, GCM may provide discretionary or non-discretionary investment advisory services to other investment funds (collectively with G1, G2, and G3, the “Funds”) and separate account clients (collectively with the managed accounts of institutional investors, the “Separate Accounts” and together with the Funds, the “Clients”). The Funds may use master-feeder structures, parallel funds, alternative investment vehicles or other structures. To the extent that such structures are employed, references to a particular Fund will mean collectively the associated master fund, feeder funds and/or any parallel funds or alternative investment vehicles. GCM tailors its advisory services as described in the investment program of each Fund’s private placement memorandum and organizational documents (collectively, “Governing Documents”) or the advisory contract with each Separate Account client (each, an “Account Agreement”), as applicable. Investors and prospective investors are urged to consult such the applicable Governing Documents or Account Agreements for more complete information about the investment objectives and investment restrictions with respect to a particular investment program. In managing assets for a particular Fund, GCM may enter into “side letters” or other arrangements with certain investors of a Fund granting such investors certain specific rights, benefits or privileges that are not made available to other investors. GCM also provides investment advice to Altair Global Credit Opportunities Fund (A), LLC on a sub-advisory basis and may sub-advise other third-party Funds in the future. Glendon does not participate in any wrap fee programs. As of December 31, 2023, GCM managed regulatory assets of $6,140,473,801 on a discretionary basis (approximately $6.1 billion AUM). Of this amount, (i) approximately $540 million was attributable to G1, including undrawn capital commitments available for follow-on investments as permitted by G1’s Governing Documents, (ii) $3.7 billion was attributable to G2, including undrawn capital commitments available for follow-on investments as permitted by G2’s Governing Documents, (iii) $1.8 billion was attributable to G3, including undrawn capital commitments1, and (iv) approximately $71 million was attributable to other GCM client accounts.