Invesco preps $617.8 million CLO offering for upcoming week

By Cristal Cody

Tupelo, Miss., June 6 – Invesco Senior Secured Management, Inc. plans to price $617,875,000 of notes due 2026 in a collateralized loan obligation in the upcoming week, according to a source on Friday.

The A Voce CLO, Ltd./A Voce CLO LLC deal includes $194 million of class A-1A senior secured floating-rate notes (//AAA); $192.4 million of class A-1B senior secured floating-rate notes (//AAA); $64.1 million of class A-2A floating-rate notes; $5 million of class A-2B fixed-rate notes; $28.8 million of class B floating-rate notes; $33.7 million of class C floating-rate notes; $34.2 million of class D floating-rate notes; $5.1 million of class E floating-rate notes and $60,575,000 of subordinated notes.

Citigroup Global Markets Inc. is the placement agent.

Invesco Senior Secured Management will manage the CLO.

Proceeds from the deal will be used to purchase assets to reach a target portfolio of about $600 million of primarily leveraged loans.

Invesco Senior Secured Management, a subsidiary of Atlanta-based Invesco, Ltd., was in the market on April 2 with the $315.75 million refinancing of the Avalon IV Capital, Ltd./Avalon IV Capital LLC transaction. The firm priced the $669.75 million Limerock CLO II Ltd./Limerock CLO II LLC deal in February.

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