EFTA01372970.pdf

CONFIDENTIAL - FOR DISCUSSION PURPOSES ONLY Transaction Overview Illustrative Term Capital Structure12 Ramp-Up of the Portfolio Portfolio / Collateral Pool: 30- 40 loans • The Portfolio Advisor seeks to accumulate a portfolio of up to 15 - 20 sub-sectors approximately $500 million (the 'Portfolio') • The Portfolio is expected to be funded by Equity and a Interest, Deal Fees, d Principal warehouse facility (the "Initial Facility') with an advance rate of up to 30%" • Initial Facility is expected to be held by Barclays (Facility Agent) and Deutsche Bank — Barclays is expected to hold 95% of the Initial Facility, and Rated Notes Trenches Deutsche Bank is expected to hold 5% of the Initial Facility (Likely 85%+ of Capital Structure) • Pricing on the Initial facility is expected to be L+120bps • Deutsche Bank expected to retain 5% of the Initial Facility (awl the subsequent Rated Notes) and the Equity throughout the life of the transaction Equity (oweled) mar of 15 % of Capital Structure Intended refinancing of the Portfolio Manager Performance Fee • Once the Portfolio is approximately 75%4036 ramped, the Portfolio Advisor intends to refinance the Initial Facility with at least $425 million of Rated Notes Indicative Issuer Timeline Intended refinancing End of Reinvestment Period Final RIN Maturity Ramp.Up Period Reinvestment Period Amortization Period 4.5 Years Up to 7 Years Deutsche Asset Management Overview Portfolio Advisor Team Jorge Jonathan Matt • t;etitscht: ti..n.tigetnent L,ttrAti. t roc cl trte Rodriguez Newman Woods leading independent asset managers. with $840 billion Pod Iffolio Pontlolto Cs met ion under management across all asset classes" Manager Mdonger • Deutsche AM's global infrastructure platform the 'Platform") has -323 billion in assets under management with more Cameron Joshua than $1.7 billion dedicated to mItastructure debt" Berns Kim A+s Vent Associate • Platform currently employs 38 professionals globally with 7 Vice President dedicated infrastructure debt professionals" • The team has been investing since November 2014 and has deployed capital into 53 investments" 7.431 years of reinvent ornenrincri © 2018 Deutsche Asset Management All rights reserved. RIN II Ltd. March 2019 2 See "Eadnotes' and 'Important Information- for additional important notes. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0066905 CONFIDENTIAL SDNY_GM_00213089 EFTA01372970