Gresham Capital CLO IV B.V. - Irish Stock Exchange

USE OF PROCEEDS
The net proceeds from the issuance and sale of the Notes (other than the Class A1A Notes), together with
the Total Commitments under the Class A1A Notes (as if they were fully drawn), were approximately
€310,430,000. These net proceeds of the issue of the Notes were used by the Issuer (i) to fund or make
provision for certain other fees and expenses of the Issuer up to a maximum of €7,370,000, (ii) to pay an upfront
fee of €2,631,065 and any applicable VAT payable thereon to the Collateral Manager on the Issue Date,
(iii) to pay the premium in respect of the Issuer entering into the Initial Hedge Agreement and (iv) any proceeds
remaining were deposited by the Issuer into the Initial Proceeds Account on the Issue Date, which together with
any drawings made under the Class A1A Notes, will be applied in the acquisition of Collateral Debt Securities
subject to the conditions set out herein. See “Description of the Portfolio” below.
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