Invesco Announces Pricing of $600 Million in 4.000% Senior Notes Due 2024 and $400 Million in 5.375% Senior Notes Due 2043
ATLANTA, Nov. 6, 2013 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) (herein, the "Company," "we," or "our") today announced the pricing of the underwritten public offering of $600 million aggregate principal amount of our 4.000% senior notes due January 30, 2024 and $400 million aggregate principal amount of our 5.375% senior notes due November 30, 2043, at a public offering price of 99.284% of the principal amount for the 2024 notes and 98.298% of the principal amount for the 2043 notes. The 2024 notes will pay interest on January 30 and July 30 of each year, beginning July 30, 2014. The 2043 notes will pay interest on May 30 and November 30 of each year, beginning May 30, 2014.
The net proceeds from this offering will be used to repay all or a portion of the amounts currently drawn on our existing credit facility. Any remaining proceeds will be used for general corporate purposes. The offering is expected to close on November 12, 2013 and is conditioned on the satisfaction of customary closing conditions.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are acting as joint bookrunning managers of the senior notes offering.
The offering is being made solely by means of a prospectus supplement and accompanying prospectus, which has been filed with the SEC. Before you invest, you should read the prospectus supplement and accompanying prospectus, as well as other documents the Company has filed or will file with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send the prospectus supplement and accompanying prospectus relating to the offering to you if you request it by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 1-800-294-1322; Citigroup Global Markets Inc., 1-800-831-9146; or Morgan Stanley & Co., LLC, 1-866-718-1649.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Invesco Ltd.:
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ.
This release may include "forward-looking statements." Forward-looking statements include information concerning future results of our operations, expenses, earnings, liquidity, cash flow and capital expenditures, industry or market conditions, assets under management, acquisitions, debt and our ability to obtain additional financing or make payments, regulatory developments, demand for and pricing of our products and other aspects of our business or general economic conditions. In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would" as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements.
Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, as the same may have been amended from time to time, filed with the SEC. You may obtain these reports from the SEC's website at www.sec.gov. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.
SOURCE Invesco Ltd.