Note 10. Subsequent Events

Management has evaluated subsequent events through the date of issuance of these consolidated financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the consolidated financial statements other than those disclosed below.

ADL CLO 3 LLC

On August 6, 2026, the Company completed a $514.9 million term debt securitization (the “ADL CLO 3 Debt Securitization”) whereby an indirect, wholly-owned, consolidated subsidiary of the Company (the “ADL CLO 3 Issuer”) issued and incurred certain secured debt (the “ADL CLO 3 Secured Debt”), which is the secured obligation of the ADL CLO 3 Issuer, and certain subordinated notes (the “ADL CLO 3 Subordinated Notes”), which are unsecured obligations of the ADL CLO 3 Issuer. The ADL CLO 3 Secured Debt is scheduled to mature on July 15, 2038 and the ADL CLO 3 Subordinated Notes are scheduled to mature on July 15, 2126; however, in each case, may be redeemed on any business day on or after July 15, 2028 subject to the occurrence of certain events specified in the transaction documents executed in connection with the ADL CLO 3 Debt Securitization. The Company, which serves as collateral manager to the ADL CLO 3 Issuer, has retained certain tranches of the ADL CLO 3 Secured Debt and 100% of the ADL CLO 3 Subordinated Notes through a wholly-owned, consolidated subsidiary of the Company.

2023 Series A Notes

On July 9, 2026, the September 2026 Notes and the September 2026 Euronotes were each prepaid at 100% of their respective principal amount, in
each case, together with interest accrued to, but excluding, the prepayment date, pursuant to the terms of the master note purchase agreement under
which each series was issued.