Company: VVR
Filing Date: 2025-02-07
Form Type: N-2/A
Source: 0001104659-25-010548
Chunk: 16

Company: Invesco Senior Income Trust
Filing Date: 2025-02-07
Form: N-2/A
Chunk 16
---
”), with Societe Generale and other lending institutions party thereto and Societe General, 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 Origination LLC (the “Subsidiary”). The Subsidiary has entered into a $95 million credit agreement, effective as of July 9, 2024 (as from time to time, amended, supplemented, waived or modified, the “Subsidiary Credit Agreement”) with Natixis as lender. The Subsidiary Credit Agreement is secured by the assets of the Subsidiary. On a consolidated basis, the Fund’s and the Subsidiary’s borrowings under their respective facilities represented approximately 20.71% of the combined total assets of the Fund and the Subsidiary. 9 Preferred Shares The Fund may authorize and issue preferred shares with rights as determined by the Board of Trustees, by action of the Board of Trustees without prior approval of the holders of the Common Shares. Common Shareholders have no preemptive right to purchase any preferred shares that might be issued. Any such preferred share offering would be subject to the limits imposed by the 1940 Act. Under the 1940 Act, the Fund may not issue preferred shares if, immediately after issuance, the Fund would have asset coverage (as defined in the 1940 Act) of less than 200% (i.e., for every dollar of preferred shares outstanding, the Fund is required to have at least two dollars of assets). The terms of the preferred shares, including their distribution rate, voting rights, liquidation preference and redemption provisions, will be determined by the Board (subject to applicable law and the Fund’s Declaration of Trust) if and when it authorizes the preferred shares. The Fund may issue preferred shares that provide for the periodic redetermination of the distribution rate at relatively short intervals through an auction or remarketing procedure, although the terms of the preferred shares may also enable the Fund to lengthen such intervals. At times, the distribution rate on the Fund’s preferred