---
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"
generated_at: "2026-05-21T04:10:02.956596+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Invesco enters $1.0B term loan, upsizes credit facility to $2.5B; repurchases $1B preferred stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000914208-25-000243
- JSON: https://secwatch.observer/filing/0000914208-25-000243.json
- Plain text: https://secwatch.observer/filing/0000914208-25-000243.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $1.0 billion Credit Agreement, $500 million 3-year term loan and a $500 million 5-year term loan
  - Counterparty: Bank of America, N.A., as administrative agent, and a syndicate of banks, financial institutions and other institutional lenders
  - Rate: (i) Term SOFR plus a SOFR related credit spread adjustment of 10 basis points pl
  - Maturity: 3-Year Term Loan matures May 16, 2028; 5-Year Term Loan matures May 16, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/914208/000091420825000243/0000914208-25-000243-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.