Invesco Announces Pricing of $500M of Senior Notes
Staff Report From Metro Atlanta CEO
Friday, October 9th, 2015
Invesco Ltd. today announced the pricing of the underwritten public offering of $500 million aggregate principal amount of our 3.750% senior notes due January 15, 2026 at a public offering price of 99.742% of the principal amount for the 2026 notes. The 2026 notes will pay interest on January 15 and July 15 of each year, beginning July 15, 2016.
The net proceeds from this offering will be used for general corporate purposes and to repay all or a portion of any amounts currently outstanding under our existing credit facility. The offering is expected to close on October 14, 2015 and is conditioned on the satisfaction of customary closing conditions. Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. are acting as joint bookrunning managers of the senior notes offering.