X0202 SCHEDULE 13G/A 0001142872 XXXXXXXX LIVE 8 Common Stock, par value $0.01 ("Common Stock") 06/30/2026 0001944831 Willow Tree Capital Corporation 000000000 450 Park Avenue 29th Floor New York NY 10022 Rule 13d-1(b) Liberty Mutual Holding Company Inc. MA 0 4124445 0 4124445 4124445 N 15.5 HC Liberty Mutual Insurance Company MA 0 1649642 0 1649642 1649642 Y 6.2 IC Peerless Insurance Company NH 0 1237063 0 1237063 1237063 Y 4.6 IC Safeco Insurance Company of America NH 0 618870 0 618870 618870 Y 2.3 IC The Ohio Casualty Insurance Company NH 0 618870 0 618870 618870 Y 2.3 IC Willow Tree Capital Corporation 450 Park Avenue, 29th Floor, New York, New York 10022 This statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): (i) Liberty Mutual Holding Company Inc. (ii) Liberty Mutual Insurance Company (iii) Peerless Insurance Company (iv) The Ohio Casualty Insurance Company (v) Safeco Insurance Company of America The Reporting Persons have entered into a Joint Filing Agreement, dated November 15, 2024, which is incorporated by reference into to this Schedule 13G, pursuant to which such Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. The principal business office of each Reporting Person is: 175 Berkeley Street, Boston, MA 02116 (i) Liberty Mutual Holding Company Inc. - Massachusetts; (ii) Liberty Mutual Insurance Company - Massachusetts; (iii) Peerless Insurance Company - New Hampshire; (iv) The Ohio Casualty Insurance Company - New Hampshire; (v) Safeco Insurance Company of America - New Hampshire N HC See the responses to Item 9 on the attached cover pages. See the responses to Item 11 of the attached cover pages. The percentages reported in Item 11 are based on 26,654,360 shares of Common Stock outstanding as of April 27, 2026, following a capital call completed by the Issuer on April 27, 2026. See the responses to Item 5 on the attached cover pages. See the responses to Item 6 on the attached cover pages. See the responses to Item 7 on the attached cover pages. See the responses to Item 8 on the attached cover pages. The shares of Common Stock reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of shares of Common Stock held by Willow Tree Feeder that the Reporting Persons may be deemed to beneficially own pursuant to the Note Purchase Agreement (the "Note Purchase Agreement"), dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the shares of Common Stock held by Willow Tree Feeder. Pursuant to the rights granted in the Note Purchase Agreement, the Subsidiaries may be deemed to have beneficial ownership over their respective pro rata shares of Common Stock held by Willow Tree Feeder as follows: (i) 1,649,642 shares of Common Stock by Liberty Mutual Insurance Company; (ii) 1,237,063 shares of Common Stock by Peerless Insurance Company; (iii) 618,870 shares of Common Stock by Safeco Insurance Company of America; and (iv) 618,870 shares of Common Stock by The Ohio Casualty Insurance Company. Liberty Mutual Holding Company Inc. ("LMHC") may be deemed to have beneficial ownership over the Subsidiaries' aggregate pro rata share of shares of Common Stock held directly by Willow Tree Feeder because each of the Subsidiaries is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. Y Y N The identification and classification of each Reporting Person is set forth in the responses to Item 12 of the attached cover pages. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Liberty Mutual Holding Company Inc. /s/ Patrizio Urciuoli 07/07/2026 Liberty Mutual Insurance Company /s/ Patrizio Urciuoli 07/07/2026 Peerless Insurance Company /s/ Patrizio Urciuoli 07/07/2026 Safeco Insurance Company of America /s/ Patrizio Urciuoli 07/07/2026 The Ohio Casualty Insurance Company /s/ Patrizio Urciuoli 07/07/2026