Invesco to redeem senior notes due 2013, 2014 via new notes proceeds

By Tali David

Minneapolis, Nov. 5 - Invesco Ltd. plans to purchase, redeem or otherwise retire all of the outstanding 5.375% senior notes due 2013 and the outstanding 5.375% senior notes due 2014 with the proceeds of a new public offering of senior notes, according to a press release.

The company will also repay all or a portion of the amounts currently drawn on its existing credit facility.

Any remaining proceeds will be used for general corporate purposes, the company said in the release.

Invesco Ltd. is an investment management firm based in Atlanta.

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