IVZ · 10-Q · 2026Q2 · Full report

Interest Rate Environment

Invesco Ltd. · 2026-08-04 · Importance 66 · Surprise 74

Interest expense rose to $47.9 million for the six months ended June 30, 2026 from $33.8 million a year earlier, a 41.7% increase. The increase primarily reflected higher borrowings under the Revolving Credit Agreement and the five-year Term Loan Agreement entered into on May 16, 2025. The increase was partly offset by repayment of the three-year term loan in the second half of 2025 and redemption of $500.0 million of senior notes maturing January 15, 2026.

Key facts

• Interest expense for the three months ended June 30, 2026: $23.6 million versus $20.7 million for the three months ended June 30, 2025, primarily due to higher borrowings on the Revolving Credit Agreement and partially offset by redemption of $500.0 million senior notes which matured on January 15, 2026. source
• Weighted average cost of debt for the six months ended June 30, 2026: 4.97%; six months ended June 30, 2025: 4.71%. source