June 10, 2009 (FinancialWire) — Invesco Ltd. (NYSE: IVZ) said it has completed a new three-year $500 million revolving bank credit facility. The new facility replaces Invesco’s current $900 million credit facility, which is scheduled to mature in March 2010, on which there is currently no outstanding balance.

The arrangement of the credit facility was co-led by Banc of America Securities (NYSE: BAC) and Citigroup Global Markets (NYSE: C).

Loren Starr, Invesco’s CFO, said that the new $500 million multi-year credit, which comes on the heels of the company’s recent $460 million equity offering, solidifies, “further expands the company’s financial strength and flexibility.”

According to Invesco, the facility may be used for general corporate purposes, which may include, among other options, support for continued growth, new product initiatives, diversification of the company, and repayment of outstanding indebtedness.

Atlanta-based Invesco is an investment management with services for retail, institutional and high net worth clients around the world. The company operates in 20 countries.

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