Invesco secures $1.5 billion five-year term loan from Bank of America-led syndicate
IVZ•Invesco secured a fully drawn, unsecured $1.5 billion five-year term loan to fund the repurchase of MassMutual’s 5.9% Series A Preference Shares at a 12.5% premium. The loan may increase to $2 billion under certain conditions.
1. Loan terms
Invesco secured the loan through subsidiary Invesco Finance on October 26, 2026, from lenders led by Bank of America. Interest is set at Term SOFR plus 1.35% or a base rate plus 0.35%, based on current credit ratings.
2. Repayment details
The loan matures on October 26, 2031, and quarterly amortization of 2.5% begins on the third anniversary of the closing date. Invesco guarantees the loan, which may increase to $2 billion subject to certain conditions and additional lender commitments.
