{"schema_version":"secwatch.filing_event.v1","accession":"0000914208-25-000243","form_type":"8-K","ticker":"IVZ","cik":"0000914208","company_name":"Invesco Ltd.","filed_at":"2025-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.791677+00:00","generated_at":"2026-05-21T04:10:02.956596+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Invesco enters $1.0B term loan, upsizes credit facility to $2.5B; repurchases $1B preferred stock","bullets":["Entered $1.0B unsecured term loan ($500M 3-yr, $500M 5-yr); proceeds used to buy back $1.0B of 5.9% Series A preferred stock from MassMutual at 15% premium.","Amended revolver to $2.5B (from $2.0B), maturing May 16, 2030; no prepayment fees.","Term loan pricing: SOFR + 1.125% (3-yr) or 1.250% (5-yr); revolver margin at 1.000% for SOFR loans.","Financial covenants: leverage ≤ 3.25x (can increase to 3.75x for acquisitions >$500M); interest coverage ≥ 4.00x.","Both facilities include a $600M netting provision for cash offsets in covenant calculation."],"urls":{"canonical":"https://secwatch.observer/filing/0000914208-25-000243","json":"https://secwatch.observer/filing/0000914208-25-000243.json","markdown":"https://secwatch.observer/filing/0000914208-25-000243.md","text":"https://secwatch.observer/filing/0000914208-25-000243.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/914208/000091420825000243/0000914208-25-000243-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/914208/000091420825000243/ivz-20250516.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T04:10:02.956596+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4154747b6fc4786b09d7de55ebeb59024862bf9f","claim":"Invesco Ltd. incurred term loan of $1.0 billion Credit Agreement, $500 million 3-year term loan and a $500 million 5-year term loan with Bank of America, N.A., as administrative agent, and a syndicate of banks, financial institutions and other institutional lenders at (i) Term SOFR plus a SOFR related credit spread adjustment of 10 basis points pl maturing 3-Year Term Loan matures May 16, 2028; 5-Year Term Loan matures May 16, 2030.","evidence_excerpt":"On May 16, 2025 (the “ Closing Date ”), Invesco Ltd. (the “ Company ”) and its indirect subsidiary, Invesco Finance, Inc. (the “ Term Loan Borrower ”), entered into an unsecured $1.0 billion Credit Agreement (the “ Term Loan Agreement ”) with a syndicate of banks, financial institutions and other institutional lenders named therein, including Bank of America, N.A., as administrative agent. The Term Loan Agreement includes a $500 million 3-year term loan (the “ 3-Year Term Loan ”) and a $500 million 5-year term loan (the “ 5-Year Term Loan ”, and, together with the 3-Year Term Loan, collectively, the “ Term Loans ”), and are denominated in U.S. dollars.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/914208/000091420825000243/0000914208-25-000243-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.0 billion Credit Agreement, $500 million 3-year term loan and a $500 million 5-year term loan"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and a syndicate of banks, financial institutions and other institutional lenders"},{"label":"Rate","value":"(i) Term SOFR plus a SOFR related credit spread adjustment of 10 basis points pl"},{"label":"Maturity","value":"3-Year Term Loan matures May 16, 2028; 5-Year Term Loan matures May 16, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}