Citigroup today priced a $617.85 million CLO for Invesco Senior Secured Management, according to sources.

The transaction, which was upsized twice from an initial $514.55 million, is structured as follows:

The transaction will have a two-year non-call period, a four-year reinvestment period, and a 12-year final maturity.

As reported, Invesco intends to purchase roughly 10% of the equity.

This is the asset manager’s second new-issue CLO to price this year. The manager priced Limerock CLO II via Credit Suisse in February, as well as the $315.75 million refinancing of Avalon IV Capital CLO via Citi in April.

With Invesco’s deal, CLO issuance in the year to date rises to $52.82 billion across 97 deals, according to LCD. In June, nine deals have priced totaling $6.03 billion. – Kerry Kantin/Sarah Husband