Invesco to refinance $534.5 million vintage 2014 Limerock CLO II notes

By Cristal Cody

Eureka Springs, Ark., Jan. 13 – Invesco Senior Secured Management, Inc. plans to refinance $534.5 million of notes due April 18, 2026 in the Limerock CLO II Ltd./Limerock CLO II LLC transaction, according to a market source on Friday.

The CLO will refinance $406.25 million of class A floating-rate notes (/AAA/), $59.75 million of class B-1 floating-rate notes (/BB/), $20 million of class B-2 fixed-rate notes (/AA/), $47 million of class C-1 floating-rate notes (/A/) and $1.5 million of class C-2 fixed-rate notes (/A/) on Wednesday.

Proceeds will be used to redeem the original notes.

Invesco Senior Secured Management, a subsidiary of Atlanta-based Invesco, Ltd., was last in the CLO primary market with a deal in 2014.

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