Company: VVR
Filing Date: 2025-03-21
Form Type: 424B5
Source: 0001104659-25-026711
Chunk: 43

Company: Invesco Senior Income Trust
Filing Date: 2025-03-21
Form: 424B5
Chunk 43
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 the amount borrowed). Any such borrowings would constitute leverage. Such a borrowing facility is not expected to be convertible into any other securities of the Fund, outstanding amounts are expected to be prepayable by the Fund prior to final maturity without significant penalty and there are not expected to be any sinking fund or mandatory retirement provisions. Outstanding amounts would be payable at maturity or such earlier times as required by the agreement. The Fund may be required to prepay outstanding amounts under the borrowing facility or incur a penalty rate of interest upon the occurrence of certain events of default. The Fund would be expected to indemnify the lenders against liabilities they may incur in connection with the borrowing facility. 20 In addition, the Fund expects that a borrowing facility would contain covenants that, among other things, likely will limit the Fund’s ability to pay distributions in certain circumstances, incur additional debt, change its fundamental investment policies and engage in certain transactions, including mergers and consolidations, and may require asset coverage ratios in addition to those required by the 1940 Act. The Fund may be required to pledge its assets and to maintain a portion of its assets in cash or high-grade securities as a reserve against interest or principal payments and expenses. The Fund expects that any borrowing facility would have customary covenant, negative covenant and default provisions. There can be no assurance that the Fund will enter into an agreement for a borrowing facility on terms and conditions representative of the foregoing, or that additional material terms will not apply. In addition, if entered into, any such borrowing facility may in the future be replaced or refinanced by one or more borrowing facilities having substantially different terms or by the issuance of preferred shares or debt securities. Credit Facility. The Fund has entered into a $150 million credit agreement, effective as of July 9, 2024 (as from time to time amended, supplemented, waived or modified, the “Credit Agreement”), with Societe Generale and other lending institutions party thereto and Societe Generale, as agent. The Fund had previously entered into a Credit Agreement with Societe Generale on similar terms that expired on July 9, 2024. As of February 29, 2024, the Fund had outstanding borrowings under the Credit Agreement of $135,000,000 million representing approximately 13.50% of the Fund’s total assets as of such date. The Credit Agreement is secured by the assets of the Fund. The Fund has an indirect, wholly-owned subsidiary to facilitate investment in private loans, the Invesco Senior Income Loan