Invesco secures USD 1.5 billion five-year term loan from Bank of America-led syndicate
Bitget2026/10/27 10:41- Invesco secured a $1.5 billion unsecured five-year term loan through subsidiary Invesco Finance on October 26, 2026, with Bank of America-led lenders.
- Fully drawn proceeds financed a $1.5 billion repurchase of MassMutual’s 5.9% Series A Preference Shares, carrying a 12.5% premium.
- Interest is set at Term SOFR plus 1.35% or a base rate plus 0.35%, based on current credit ratings.
- The loan matures October 26, 2031, with quarterly amortization of 2.5% beginning on the closing date’s third anniversary.
- The parent guarantees the loan, which may increase to $2 billion under certain conditions, subject to additional lender commitments.
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