Annual Report to Shareholders	February 28, 2021
	Invesco Senior Income Trust
	NYSE: VVR

 

 

 

 

Managed Distribution Plan Disclosure

 

The Board of Trustees (the “Board”) of Invesco Senior Income Trust (the “Trust”) approved a Managed Distribution Plan (the “Plan”) whereby the Trust will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.021 per share. The effective date of the Plan is October 1, 2020.  The Plan is intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from the Trust, regardless of when or whether income is earned or capital gains are realized. If sufficient investment income is not available for a monthly distribution, the Trust will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level under the Plan. A return of capital may occur, for example, when some or all of

the money that shareholders invested in the Trust is paid back to them. A return of capital distribution does not necessarily reflect the Trust’s investment performance and should not be confused with “yield” or “income.” No conclusions should be drawn about the Trust’s investment performance from the amount of the Trust’s distributions or from the terms of the Plan. The Plan will be subject to periodic review by the Board, and the Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Trust’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Trust’s common shares.  The Trust will provide its shareholders of record on each distribution record date with a Section 19 Notice disclosing the sources of its

dividend payment when a distribution includes anything other than net investment income. The amounts and sources of distributions reported in Section 19 Notices are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Trust’s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Trust will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. Please refer to “Distributions” under Note 1 of the Notes to Financial Statements for information regarding the tax character of the Trust’s distributions.

 

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Management’s Discussion of Trust Performance

 

 

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the maturity spectrum, including the potential impact of monetary policy changes by the Fed and certain central banks. If interest rates rise or fall faster than expected, markets may experience increased volatility, which may affect the value and/or liquidity of certain of the Trust’s investments or the market price of the Trust’s shares. During the year, the Trust’s managed distribution plan resulted in distributions consisting of return of capital and had a $0.03 per share impact on the Fund’s NAV, as shown in the Financial Highlights section of this report. The Trust’s managed distribution plan did not materially impact the Trust’s investment strategies during the reporting period. As always, we appreciate your continued participation in Invesco Senior Income Trust.   1      Source: Credit Suisse  2      Source: Standard & Poor’s Leveraged Loan Index

Portfolio manager(s):   Scott Baskind Thomas Ewald Phillip Yarrow   The views and opinions expressed in management’s discussion of Trust performance are those of Invesco Advisers, Inc. These views and opinions are subject to change at any time based on factors such as market and economic conditions. These views and opinions may not be relied upon as investment advice or recommendations, or as an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Trust. Statements of fact are from sources considered reliable, but Invesco Advisers, Inc. makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.   See important Trust and, if applicable, index disclosures later in this report.

 

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Your Trust’s Long-Term Performance

 

Results of a $10,000 Investment 

Trust and index data from 2/28/11

 

 

 

1

Source: Bloomberg L.P.

 

Past performance cannot guarantee future results. 

Performance shown in the chart does not reflect deduction of taxes a shareholder would pay on Trust distributions or sale of Trust shares.

 

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Supplemental Information

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Unless otherwise stated, information presented in this report is as of February 28, 2021, and is based on total net assets applicable to common shares.

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Unless otherwise noted, all data provided by Invesco.

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To access your Trust’s reports, visit invesco.com/fundreports.

 

About indexes used in this report

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The Credit Suisse Leveraged Loan Index represents tradable, senior-secured, US-dollar-denominated, non-investment grade loans.

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The Trust is not managed to track the performance of any particular index, including the index(es) described here, and consequently, the performance of the Trust may deviate significantly from the performance of the index(es).

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A direct investment cannot be made in an index. Unless otherwise indicated, index results include reinvested dividends, and they do not reflect sales charges. Performance of the peer group, if applicable, reflects fund expenses; performance of a market index does not.

 

Changes to the Trust’s Governing Documents

 

On August 13, 2020, the Trust’s Board of Trustees (the “Board”) approved changes to the Trust’s Amended and Restated Agreement and Declaration of Trust (the “Declaration of Trust”) and the Trust’s Amended and Restated Bylaws (the “Bylaws”). The following is a summary of certain of these changes.

 

Declaration of Trust 

The Trust’s Declaration of Trust was amended to provide as follows: 

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A Majority Trustee Vote is required on all Board actions, including amendments to the Declaration of Trust. “Majority Trustee Vote” means (a) with respect to a vote of the Board, a vote of the majority of the Trustees then in office, and a separate vote of a majority of the Continuing Trustees; and (b) with respect to a vote of a committee or sub-committee of the Board, a vote of the majority of the members of such committee or sub-committee, and a separate vote of a majority of the Continuing Trustees that are members of such committee or sub-committee. “Continuing Trustee” means a Trustee who either (a) has been a member of the Board for a period of at least thirty-six months (or since the commencement of the Trust’s operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board by a majority of the Continuing Trustees then members of the Board.

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Any Trustee may only be removed for cause, including but not limited to (i) willful misconduct, dishonesty, or fraud on the part of the Trustee in the conduct of his or her office; (ii) failing to meet, on a continuous basis, the Trustee Qualifications (as defined below); or (iii) being indicted for, pleading guilty to or being convicted of a felony, in each case only by a written instrument signed by at least 75% of the number of Trustees prior to such removal (not including the Trustee(s) for which removal is being sought), specifying the date when such removal shall become effective.

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In the event of a vacancy on the Board, the size of the Board is automatically reduced by the number of vacancies (but not to less than two) until the Board maintains or increases the size of the Board.

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The following Trustee Qualifications are imposed on all nominees and current Trustees, whether or not nominated by a third party:

 

(a) An individual who is an Affiliated Person of any: 

(1) Investment Adviser (other than the Trust’s Investment Adviser or any Investment Adviser affiliated with the Trust’s Investment Adviser); 

(2) Pooled Vehicle (as defined below) (other than a Pooled Vehicle advised or managed by the Trust’s Investment Adviser or any Investment Adviser affiliated with the Trust’s Investment Adviser); or 

(3) Entity Controlling, Controlled by, or under common Control with, any Investment Adviser (other than the Trust’s Investment Adviser or any Investment Adviser affiliated with the Trust’s Investment Adviser) or Pooled Vehicle (other than a Pooled Vehicle advised or managed by the Trust’s Investment Adviser or any Investment Adviser affiliated with the Trust’s Investment Adviser);

 

shall be disqualified from being nominated or serving as a Trustee, if the Board determines by Majority Trustee Vote (excluding the vote of any Trustee subject to such vote) that such relationship is reasonably likely to: 

 

(1) Present undue conflicts of interest between (i) the Trust and its Shareholders, and (ii) such other Investment Adviser or Pooled Vehicle; 

(2) Impede the ability of the individual to discharge the duties of a Trustee; and/or 

(3) Impede the free flow of information (including proprietary, non-public or confidential information) between the Trust’s Investment Adviser and the Board.

 

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(b) An individual who: 

(1) Is a 12(d) Control Person (as defined below); 

(2) Is an Affiliated Person of a 12(d) Holder (as defined below) or 12(d) Control Person; or 

(3) Has accepted directly or indirectly any consulting, advisory, or other compensatory fee from any 12(d) Holder or 12(d) Control Person;

 

shall be disqualified from being nominated or serving as a Trustee.

 

(c) An individual who serves as a trustee or director of 5 or more issuers (including the Trust) having securities registered under the Securities Exchange Act of 1934 (the “Exchange Act”) (for these purposes, investment companies or individual series thereof having the same Investment Adviser as the Trust or any Investment Adviser affiliated with the Trust’s Investment Adviser shall be counted as a single issuer) shall be disqualified from being nominated or serving as a Trustee.

 

(d) An individual who has been subject to any censure, order, consent decree or adverse final action of any federal, state, or foreign governmental or regulatory authority barring or suspending such individual from participation in or association with any investment-related business or restricting such individual’s activities with respect to any investment-related business, been the subject of any investigation or proceeding that could reasonably be expected to result in an individual nominated or serving as a Trustee failing to satisfy the requirements of this paragraph, or is or has been engaged in any conduct which has resulted in, or could have reasonably been expected or would reasonably be expected to result in, the Securities and Exchange Commission (“SEC”) censuring, placing limitations on the activities, functions, or operation of, suspending, or revoking the registration of any Investment Adviser under Section 203(e) or (f) of the Investment Advisers Act of 1940 shall be disqualified from being nominated or serving as a Trustee.

 

(e) An individual who is or has been the subject of any of the ineligibility provisions contained in Section 9(b) of the Investment Company Act of 1940 (the “1940 Act”) that would permit, or could reasonably have been expected or would reasonably be expected to permit the SEC by order to prohibit, conditionally or unconditionally, either permanently or for a period of time, such individual from servicing or acting as an employee, officer, trustee, director, member of an advisory board, Investment Adviser or depositor of, or principal underwriter for, a registered investment company or Affiliated Person of such Investment Adviser, depositor, or principal underwriter shall be disqualified from being nominated or serving as a Trustee.

 

For purposes of the foregoing, the following definitions apply:

 

“12(d) Control Person” means any person who Controls, is Controlled by, or under common Control with, a 12(d) Holder (solely for purposes of this definition, an Investment Adviser shall be deemed to Control any investment company that it advises, including any collective investment vehicle that would be an investment company but for the exception provided by Section 3(c)(1) or (7) of the 1940 Act);

 

“12(d) Holder” is defined as an investment company (including, for purposes of (1) below, any collective investment vehicle that would be an investment company but for the exception provided by Section 3(c)(1) or (7) of the 1940 Act) that in the aggregate owns, directly or indirectly through any companies Controlled by the 12(d) Holder, of record or beneficially as defined in Rule 13d-3 and 13d-5 of the Securities Act of 1934:

 

(1) More than three percent (3%) of the outstanding voting Shares of the Trust; 

(2) Securities issued by the Trust having an aggregate value in excess of five percent (5%) of the total assets of such investment company or of any company or companies Controlled by such investment company; 

(3) Securities issued by the Trust and by all other investment companies having an aggregate value in excess of ten percent (10%) of the total assets of the investment company making such investment or any company or companies Controlled by the investment company making such investment; 

(4) Together with other investment companies having the same Investment Adviser and companies Controlled by such investment companies, more than ten percent (10%) of the total outstanding Shares of the Trust; or 

(5) For an investment company operating as a “fund of funds” pursuant to Section 12(d)(1)(F) of the 1940 Act, together with all Affiliated Persons of such investment company, more than three percent (3%) of the outstanding voting Shares of the Trust (solely for purposes of determining an “Affiliated Person” for purposes of this definition, an Investment Adviser shall be deemed to Control any investment company that it advises, including any collective investment vehicle that would be an investment company but for the exception provided by Section 3(c)(1) or 3(c)(7) of the 1940 Act).

 

“Pooled Vehicle” means (i) any issuer meeting the definition of an “investment company” in Section 3(a) of the 1940 Act, or (ii) any person that would meet the definition of an investment company but for the exceptions in Section 3(c) of the 1940 Act.

 

Bylaws

The Trust’s Bylaws were amended to provide as follows: 

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At all meetings of the Board, one-half (50%) of the Trustees then in office, including one-half (50%) of the Continuing Trustees (but in no event fewer than two Trustees), shall constitute a quorum for the transaction of business. At all meetings of any committee or subcommittee, one-half (50%) of the committee members or sub-committee members, including one-half (50%) of the committee members or sub-committee members who are Continuing Trustees (but in no event fewer than two Trustees), shall constitute a quorum for the transaction of business. Business transacted at any meeting of Shareholders shall be limited to (a) the purpose stated in the notice, (b) the adjournment of such meeting in accordance with the relevant provisions of the Bylaws, and (c) solely with respect to annual meetings, such other matters as are permitted to be presented at the meeting in accordance with the relevant provisions of the Bylaws.

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A majority of the outstanding Shares entitled to vote at a Shareholders’ meeting, which are present in person or represented by proxy, shall constitute a quorum at the Shareholders’ meeting, except when a larger quorum is required by applicable law or the requirements of any securities exchange on which Shares are listed for trading, in which case such quorum shall comply with such requirements. Quorum

 

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shall be determined with respect to the meeting as a whole regardless of whether particular matters have achieved the requisite vote for approval, but the presence or absence of a quorum shall not prevent any adjournment at the meeting pursuant to the relevant provisions of the Bylaws.

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When a quorum is present at any meeting, the vote of the shares as set forth in the Declaration of Trust shall decide any question brought before such meeting, unless a different vote is required by the express provision of applicable law, the Declaration of Trust, the Bylaws or other governing instrument of the Trust, in which case such express provision shall govern and control the decision of such question. Notwithstanding the foregoing, and whether or not a quorum is present, the vote of the holders of one-third (1/3) of the shares cast, or the chair of the meeting in his or her discretion, shall have the power to adjourn a meeting of the Shareholders with regard to a particular proposal scheduled to be voted on at such meeting or to adjourn such meeting entirely.

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The matters to be considered and brought before any annual meeting of Shareholders of the Trust shall be limited to only such matters, including the nomination and election of Trustees, as shall be brought properly before such meeting in compliance with the procedures set forth in the Bylaws. For any matter to be properly brought before any annual meeting of Shareholders, the matter must be (among other requirements specified in the Bylaws), brought before the annual meeting in the manner specified in the Bylaws by a Record Owner at the time of the giving of notice, on the record date for such meeting and at the time of the meeting, or a Shareholder (a “Nominee Holder”) that holds voting securities entitled to vote at meetings of Shareholders through a nominee or “street name” holder of record and can demonstrate to the Trust such indirect ownership and such Nominee Holder’s entitlement to vote such securities, and is a Nominee Holder at the time of the giving of notice provided for in the Bylaws, on the record date for such meeting and at the time of the meeting, with proof of such ownership or holding reasonably satisfactory to the Trust to be provided by such Record Owner or Nominee Holder at each such aforementioned time.

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Any Shareholder desiring to nominate any person(s) for election as a Trustee shall deliver, as part of such Shareholder Notice, a statement in writing with respect to the person(s) to be nominated, together with any persons to be designated as a proposed substitute nominee in the event that a proposed nominee is unwilling or unable to serve, including by reason of any disqualification (a “Proposed Nominee”) setting forth all information required by the Bylaws, including each Proposed Nominee’s written representation that he or she agrees to complete, execute, and return to the Trust within 5 business days of receipt the Trust’s form of trustee questionnaire and any supplemental information reasonably requested by the Trust.

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Any Shareholder who gives a Shareholder Notice of any matter proposed to be brought before an annual meeting or to elect Proposed Nominees shall deliver, as part of such Shareholder Notice, all statements and representations required by the Bylaws, including: 1) a statement in writing with respect to the Shareholder and the beneficial owner, if any, on whose behalf the proposal is being made setting forth, among other requirements, the number and class of all Shares which the Shareholder has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (including any derivative or short positions, profit interests, options or similar rights, and borrowed or loaned shares); and 2) an agreement to return to the Trust within 5 business days of receipt such other information as the Board may reasonably request.

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To be considered a qualified representative of the Shareholder, a Person must be a duly authorized officer, manager or partner of such Shareholder, as evidenced by an incumbency certificate executed by the corporate secretary (or other duly authorized officer) of the Shareholder, or must be authorized by a writing executed by such Shareholder delivered by such Shareholder to act for such Shareholder as proxy at the meeting of Shareholders, and such Person must deliver a copy of such incumbency certificate or writing to the secretary of the meeting.

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Only such matters shall be conducted at a special meeting of Shareholders as shall have been brought before the meeting pursuant to the Trust’s notice of meeting. Nominations of individuals for election to the Board may be made at a special meeting of Shareholders at which Trustees are to be elected: 1) pursuant to the Trust’s notice of meeting; 2) by or at the direction of the Board; or 3) provided that the Board has determined that Trustees shall be elected at such special meeting, and such special meeting shall meet all of the requirements with respect to annual meetings as if such special meeting were an annual meeting.

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Provisions in the Bylaws regarding advance notice of Shareholder Nominees for Trustee and other Shareholder proposals shall not apply to Shareholder proposals made pursuant to Rule 14a-8 under the Exchange Act. Notwithstanding the forgoing, no Shareholder proposal may be brought before an annual meeting, whether submitted pursuant to the applicable provisions of the Bylaws or Rule 14a-8 under the Exchange Act, unless Shareholders have power to vote on the Shareholder proposal, or the subject matter of the Shareholder proposal, pursuant to the Declaration of Trust, irrespective of whether such Shareholder proposal is submitted as a precatory recommendation to the Board.

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No person shall be eligible for election as a Trustee of the Trust unless nominated in accordance with the procedures set forth in the Bylaws.

The Trust’s Declaration of Trust and Bylaws contain other provisions, including all requirements for the conduct of shareholder meetings, and are available in their entirety upon request to the Trust’s Secretary, c/o Invesco Advisers, Inc., 1555 Peachtree Street NE, Atlanta, GA 30309.

 

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

 

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Dividend Reinvestment Plan

The dividend reinvestment plan (the Plan) offers you a prompt and simple way to reinvest your dividends and capital gains distributions (Distributions) into additional shares of your Invesco closed-end Trust (the Trust). Under the Plan, the money you earn from Distributions will be reinvested automatically in more shares of the Trust, allowing you to potentially increase your investment over time. All shareholders in the Trust are automatically enrolled in the Plan when shares are purchased.

 

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Fund Information

Portfolio Composition†*

By credit quality		% of total investments
BBB		0.62	%
BBB-		3.26
BB+		5.60
BB		2.63
BB-		7.43
B+		9.72
B		19.93
B-		16.87
CCC+		6.09
CCC		1.90
CCC-		0.26
D		1.12
Non-Rated		20.46
Equity		4.11

 

† Source: Standard & Poor’s. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. “Non- Rated” indicates the debtor was not rated, and should not be interpreted as indicating low quality. For more information on Standard & Poor’s rating methodology, please visit standardandpoors.com and select “Understanding Ratings” under Rating Resources on the homepage.

 

Top Five Debt Issuers*

		% of total net assets
1.	Groundworks LLC	3.12%
2.	PrimeFlight Aviation Services, Inc.	2.82
3.	Muth Mirror Systems, LLC	2.67
4.	Teasdale Foods, Inc.	2.36
5.	New Red Finance, Inc.	2.07

 

The Trust’s holdings are subject to change, and there is no assurance that the Trust will continue to hold any particular security.

* Excluding money market fund holdings, if any.

Data presented here are as of February 28, 2021.

 

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Consolidated Schedule of Investments
February 28, 2021

 

			Interest Rate			Maturity Date			Principal Amount (000)(a)			Value
Variable Rate Senior Loan Interests–130.85%(b)(c) Aerospace & Defense–5.85%
Atlantic Aviation FBO, Inc., Term Loan (3 mo. USD LIBOR + 3.75%)			3.87	%		12/06/2025		$	1,768		$	1,775,319
CEP IV Investment 16 S.a.r.L (ADB Safegate) (Luxembourg), Term Loan B(d)			-			10/03/2024	EUR		1,414			1,606,712
Dynasty Acquisition Co., Inc. Term Loan B-1 (1 mo. USD LIBOR + 3.50%)			3.75	%		04/08/2026			3,193			3,099,932
Term Loan B-2 (1 mo. USD LIBOR + 3.50%)			3.75	%		04/08/2026			1,715			1,665,165
Greenrock Finance, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%)			4.50	%		06/28/2024			2,223			2,205,935
IAP Worldwide Services, Inc. Revolver Loan (Acquired 07/22/2014 - 02/08/2019; Cost $1,794,337)(e)(f)(g)			0.00	%		07/18/2021			1,615			1,614,904
Revolver Loan (Acquired 07/22/2014 - 02/08/2019; Cost $1,794,337)(e)(f)			7.00	%		07/18/2021			179			179,433
Second Lien Term Loan (3 mo. USD LIBOR + 6.50%) (Acquired 07/18/2014 - 02/08/2019; Cost $1,778,890)(e)(f)			8.00	%		07/18/2021			1,785			1,784,793
Maxar Technologies Ltd. (Canada), Term Loan B (1 mo. USD LIBOR + 2.75%)			2.88	%		10/04/2024			1,700			1,687,076
NAC Aviation 8 Ltd. (Ireland), Junior Loan Series 3(e)			3.97	%		12/31/2021			2,790			2,790,138
PAE Holdings Corp., Term Loan(d)			-			10/13/2027			1,270			1,279,724
Peraton Corp. Delayed Draw Term Loan(g)			0.00	%		02/01/2028			4,844			4,843,814
Second Lien Term Loan(d)(e)			-			02/26/2029			1,907			1,878,540
Term Loan B(d)			-			02/01/2028			2,739			2,752,313
Perspecta, Inc., Term Loan B (3 mo. USD LIBOR + 2.25%)			2.36	%		05/30/2025			986			990,058
Spirit Aerosystems, Inc., Term Loan B(d)			-			01/15/2025			1,703			1,719,731
TransDigm, Inc. Term Loan E (1 mo. USD LIBOR + 2.25%)			2.36	%		05/30/2025			5,787			5,722,561
Term Loan F (1 mo. USD LIBOR + 2.25%)			2.36	%		12/09/2025			1,280			1,265,584
Term Loan G (1 mo. USD LIBOR + 2.25%)			2.36	%		08/22/2024			1,277			1,263,886
Vectra Co., First Lien Term Loan (3 mo. USD LIBOR + 3.25%)			3.36	%		03/08/2025			795			788,412
												40,914,030
Air Transport–6.94%
Avolon TLB Borrower 1 (US) LLC Term Loan B-3 (3 mo. USD LIBOR + 1.75%)			2.50	%		01/15/2025			586			584,893
Term Loan B-4 (1 mo. USD LIBOR + 1.50%)			2.25	%		02/10/2027			6,362			6,316,598
Term Loan B-5(d)			-			12/01/2027			2,153			2,160,705
Delta Air Lines, Inc., Term Loan B (1 mo. USD LIBOR + 4.75%)			5.75	%		05/01/2023			4,783			4,829,036
eTraveli Group Holding AB (Sweden), Term Loan B-1 (3 mo. EURIBOR + 4.50%)			4.50	%		08/02/2024	EUR		676			774,041
JetBlue Airways Corp., Term Loan B (1 mo. USD LIBOR + 5.25%)			6.25	%		07/01/2024			1,239			1,278,005
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Term Loan (1 mo. USD LIBOR + 5.25%)			6.25	%		06/21/2027			5,141			5,501,147
PrimeFlight Aviation Services, Inc. Delayed Draw Term Loan(e)			6.50	%		05/09/2024			2,929			2,870,393
Incremental Delayed Draw Term Loan(e)			4.94	%		05/09/2024			6,224			6,099,460
Incremental Delayed Draw Term Loan(e)(g)			0.00	%		05/09/2024			2,183			2,139,919
Term Loan(e)			6.50	%		05/09/2024			8,787			8,611,178
SkyMiles IP Ltd., Term Loan (1 mo. USD LIBOR + 3.75%)			4.75	%		10/01/2027			6,840			7,252,538
WestJet Airlines Ltd. (Canada), Term Loan B (3 mo. USD LIBOR + 3.00%)			4.00	%		12/11/2026			173			168,328
												48,586,241
Automotive–9.08%
American Axle & Manufacturing, Inc., Term Loan B (3 mo. USD LIBOR + 2.25%)			3.00	%		04/06/2024			1,263			1,263,565
Autokiniton US Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 5.75%)(e)			5.87	%		05/22/2025			2,182			2,198,122
Belron Finance US LLC, Incremental Term Loan (1 mo. USD LIBOR + 2.25%)			2.46	%		10/30/2026			180			180,174
Ford Motor Co., Delayed Draw Term Loan (3 mo. USD LIBOR + 1.25%)			1.87	%		12/31/2022			4,516			4,402,725

 

See accompanying Notes to Consolidated Financial Statements which are an integral part of the financial statements.

 

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Invesco Senior Income Trust

 

 

			Interest Rate			Maturity Date			Principal Amount (000)(a)			Value
Automotive–(continued)
Garrett Borrowing LLC
DIP Term Loan (1 mo. USD LIBOR + 4.50%)(e)(h)			5.50	%		03/31/2021		$	2,260		$	2,266,051
Term Loan A(d)(h)			-			09/27/2023	EUR		1,117			1,344,098
Term Loan B (1 mo. USD LIBOR + 3.75%)(h)			3.75	%		09/27/2025	EUR		253			305,271
Term Loan B (1 mo. USD LIBOR + 2.50%)(h)			5.75	%		09/27/2025			4,253			4,242,289
Goodyear Tire & Rubber Co. (The), Second Lien Term Loan (3 mo. USD LIBOR + 2.00%)			2.13	%		03/03/2025			590			583,854
Highline Aftermarket Acquisition LLC, Term Loan (1 mo. USD LIBOR + 4.50%)			5.25	%		10/28/2027			2,581			2,593,761
IAA Spinco, Inc., Term Loan (3 mo. USD LIBOR + 2.25%)			2.38	%		06/28/2026			1,210			1,212,853
Les Schwab Tire Centers, Term Loan (1 mo. USD LIBOR + 3.50%)			4.25	%		10/26/2027			3,265			3,281,270
Mavis Tire Express Services Corp. Term Loan (3 mo. USD LIBOR + 3.25%)			3.50	%		03/20/2025			1,594			1,588,174
Term Loan (1 mo. USD LIBOR + 4.00%)			5.00	%		03/20/2025			1,176			1,182,414
Muth Mirror Systems LLC Revolver Loan(e)(g)			0.00	%		04/23/2025			1,523			1,460,366
Term Loan(e)			6.25	%		04/23/2025			17,910			17,175,724
Navistar, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%)			3.62	%		11/06/2024			71			70,872
Project Boost Purchaser LLC, Term Loan C (1 mo. USD LIBOR + 4.25%)			5.00	%		06/01/2026			423			427,267
Superior Industries International, Inc., Term Loan (3 mo. USD LIBOR + 4.00%)			4.11	%		05/22/2024			1,214			1,211,625
Tenneco, Inc., Term Loan B(d)			-			10/01/2025			1,621			1,593,818
TI Group Automotive Systems LLC, Term Loan B (1 mo. USD LIBOR + 3.75%)			4.00	%		12/31/2024			1,127			1,132,263
Transtar Industries, Inc. Delayed Draw Term Loan(e)(g)			0.00	%		01/22/2027			1,136			1,113,201
Term Loan A (3 mo. USD LIBOR + 7.00%)(e)			8.00	%		01/22/2027			8,276			8,110,467
Truck Hero, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%)			4.50	%		01/20/2028			1,223			1,226,550
Visteon Corp., Term Loan (3 mo. USD LIBOR + 1.75%)			1.86	%		03/25/2024			139			138,652
Wand NewCo 3, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.00%)			3.11	%		02/05/2026			156			155,465
Winter Park Intermediate, Inc., First Lien Term Loan			6.25	%		11/06/2027			3,098			3,099,141
												63,560,032
Beverage & Tobacco–0.87%
AI Aqua Merger Sub, Inc.
First Lien Incremental Term Loan (3 mo. USD LIBOR + 3.25%)			4.25	%		12/13/2023			1,526			1,525,776
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.25%)			5.25	%		12/13/2023			341			343,222
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.25%)			5.25	%		12/13/2023			357			359,880
First Lien Incremental Term Loan (1 mo. USD LIBOR + 5.25%)			6.25	%		12/13/2023			125			126,352
First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.25%)			4.25	%		12/13/2023			2,108			2,112,031
Arctic Glacier U.S.A., Inc., Term Loan (3 mo. USD LIBOR + 3.50%)			4.50	%		03/20/2024			1,035			977,090
Arterra Wines Canada, Inc. (Canada), Term Loan B-1 (1 mo. USD LIBOR + 3.50%)			4.25	%		11/19/2027			660			665,441
												6,109,792
Building & Development–2.60%
ACProducts, Inc., First Lien Term Loan (1 mo. USD LIBOR + 6.50%)			6.69	%		08/18/2025			1,340			1,375,018
Advanced Drainage Systems, Inc., Term Loan (1 mo. USD LIBOR + 2.25%)			2.38	%		09/30/2026			627			628,756
American Builders & Contractors Supply Co., Inc., Term Loan (1 mo. USD LIBOR + 2.00%)			2.11	%		01/15/2027			1,902			1,897,114
American Residential Services LLC, Term Loan (1 mo. USD LIBOR + 3.50%)			4.25	%		10/07/2027			506			509,145
Apcoa Parking Holdings GmbH (Germany) Term Loan B (3 mo. EURIBOR + 3.75%)			3.75	%		03/20/2024	EUR		1,515			1,739,466
Term Loan B-2 (3 mo. EURIBOR + 7.25%)			7.25	%		03/20/2024	EUR		205			246,443
Armacell (Neptune BidCo S.a.r.l.) (Luxembourg), Term Loan B (3 mo. EURIBOR + 3.50%)			3.50	%		02/03/2027	EUR		583			703,268
Beacon Roofing Supply, Inc., Term Loan B (3 mo. USD LIBOR + 2.25%)			2.36	%		01/02/2025			24			23,989
Brookfield Retail Holdings VII Sub 3 LLC Term Loan A-2 (3 mo. USD LIBOR + 3.00%)			3.11	%		08/28/2023			609			598,477
Term Loan B (3 mo. USD LIBOR + 2.50%)			2.61	%		08/27/2025			750			732,270
DiversiTech Holdings, Inc., Term Loan B-1 (3 mo. USD LIBOR + 3.00%)			4.00	%		06/03/2024			684			686,839
Financiere Persea (Proxiserve) (France), Term Loan B (3 mo. EURIBOR + 3.75%)			3.75	%		03/26/2026	EUR		268			325,154
LBM Holdings LLC Delayed Draw Term Loan(g)			0.00	%		12/08/2027			217			218,119
Term Loan(d)			-			12/08/2027			978			981,533
Quikrete Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 2.50%)			2.61	%		02/01/2027			868			867,056

 

See accompanying Notes to Consolidated Financial Statements which are an integral part of the financial statements.

 

13

Invesco Senior Income Trust

 

 

			Interest Rate			Maturity Date			Principal Amount (000)(a)			Value
Building & Development–(continued)
Re/Max LLC, Term Loan (3 mo. USD LIBOR + 2.75%)			3.50	%		12/15/2023		$	2,019		$	2,025,888
Werner FinCo L.P., Term Loan (3 mo. USD LIBOR + 4.00%)			5.00	%		07/24/2024			1,207			1,208,258
White Cap Buyer LLC, Term Loan (1 mo. USD LIBOR + 4.00%)			4.50	%		10/31/2027			3,409			3,427,019
												18,193,812
Business Equipment & Services–12.83%
Adevinta ASA (Norway), Term Loan B (d)			-			10/22/2027			570			574,487
Asurion LLC, Term Loan B-8(d)			-			12/31/2026			887			885,708
AutoScout24 (Speedster Bidco GmbH) (Germany) Second Lien Term Loan (3 mo. EURIBOR + 6.25%)			6.25	%		02/14/2028	EUR		259			314,339
Term Loan B (3 mo. EURIBOR + 3.25%)			3.25	%		02/14/2027	EUR		175			211,016
AVS Group GmbH (Germany), Term Loan B-2			3.75	%		09/10/2026	EUR		640			763,923
Blucora, Inc., Term Loan (1 mo. USD LIBOR + 4.00%)			5.00	%		05/22/2024			1,701			1,707,576
Camelot Finance L.P. Incremental Term Loan B (1 mo. USD LIBOR + 3.00%)			4.00	%		10/30/2026			1,810			1,819,552
Term Loan(d)			-			10/30/2026			1,871			1,872,872
Cast & Crew Payroll LLC, First Lien Term Loan (3 mo. USD LIBOR + 3.75%)			3.86	%		02/09/2026			335			333,041
Checkout Holding Corp. PIK Term Loan, 9.50% PIK Rate, 2.00% Cash Rate (Acquired 02/15/2019 - 02/26/2021; Cost $573,461)(f)(i)			9.50	%		08/15/2023			575			205,602
Term Loan (Acquired 02/15/2019 - 11/12/2020; Cost $399,406)(d)(f)			-			02/15/2023			431			375,055
Ciox, Term Loan			6.00	%		12/16/2025			1,646			1,655,955
Constant Contact, Second Lien Term Loan (1 mo. USD LIBOR + 7.50%)(e)			7.62	%		02/15/2029			1,412			1,387,752
CRCI Longhorn Holdings, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.25%)			7.36	%		08/08/2026			106			103,282
Crossmark Holdings, Inc., Term Loan (3 mo. USD LIBOR + 10.00%) (Acquired 07/26/2019 - 01/06/2021; Cost $507,205)(f)			11.00	%		07/26/2023			506			496,951
Dakota Holding Corp. First Lien Term Loan B (1 mo. USD LIBOR + 3.75%)			4.75	%		04/09/2027			3,845			3,873,199
Second Lien Term Loan B (1 mo. USD LIBOR + 8.00%)(e)			9.00	%		03/06/2028			1,121			1,145,720
Dun & Bradstreet Corp. (The), Term Loan(d)			-			02/06/2026			715			717,244
FleetCor Technologies Operating Co. LLC, Term Loan B-3 (3 mo. USD LIBOR + 1.75%)			1.86	%		08/02/2024			437			437,739
Garda World Security Corp. (Canada), Term Loan (1 mo. USD LIBOR + 4.75%)			4.99	%		10/30/2026			1,314			1,319,529
GI Revelation Acquisition LLC First Lien Term Loan (3 mo. USD LIBOR + 5.00%)			5.11	%		04/16/2025			1,182			1,179,195
Second Lien Term Loan (3 mo. USD LIBOR + 9.00%)			9.11	%		04/16/2026			520			523,065
GlobalLogic Holdings, Inc., Term Loan B-2(d)			-			09/14/2027			841			848,449
Hillman Group, Inc. (The) Delayed Draw Term Loan(g)			0.00	%		02/23/2028			135			134,959
Term Loan B-1(d)			-			02/23/2028			663			664,675
I-Logic Technologies Bidco Ltd. (United Kingdom) First Lien Term Loan B(d)			-			10/31/2027	EUR		266			322,670
First Lien Term Loan B(d)			-			02/04/2028			685			689,206
INDIGOCYAN Midco Ltd. (Jersey), Term Loan B(d)			-			06/23/2024	GBP		1,257			1,654,306
ION Trading Technologies S.a.r.l. (Luxembourg), Term Loan (3 mo. USD LIBOR + 4.00%) (Acquired 06/01/2018; Cost $466,644)(f)			5.00	%		11/21/2024			467			469,514
KAR Auction Services, Inc., Term Loan B-6 (1 mo. USD LIBOR + 2.25%)			2.38	%		09/15/2026			1,681			1,660,238
Karman Buyer Corp., Term Loan B (1 mo. USD LIBOR + 5.25%)			6.00	%		10/31/2027			3,655			3,683,075
KBR, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%)			3.00	%		02/05/2027			2,085			2,097,891
Learning Care Group (US) No. 2, Inc., First Lien Term Loan (3 mo. USD LIBOR + 3.25%)			4.25	%		03/13/2025			20			19,605
LegalZoom.com, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.50%)			4.61	%		11/21/2024			577			578,912
Monitronics International, Inc. First Lien Term Loan (1 mo. USD LIBOR + 6.50%)			7.75	%		03/29/2024			8,702			8,263,645
Term Loan (1 mo. USD LIBOR + 5.00%)			5.11	%		08/30/2024			5,209			5,229,539
NAS, LLC Revolver Loan(e)(g)			0.00	%		06/01/2024			862			849,040
Term Loan(e)			7.50	%		06/01/2024			8,527			8,399,432
NielsenIQ, Inc. Term Loan B(d)			-			02/05/2028			2,169			2,176,229
Term Loan B(d)			-			02/05/2028	EUR		648			785,688

 

See accompanying Notes to Consolidated Financial Statements which are an integral part of the financial statements.

 

14

Invesco Senior Income Trust

 

 

		Interest Rate				Maturity Date						Principal Amount (000)(a)				Value
Business Equipment & Services–(continued)
OCM System One Buyer CTB LLC, Term Loan B(d)(e)			–			02/28/2028						$	1,142			$	1,147,919
Outfront Media Capital LLC, Term Loan (1 mo. USD LIBOR + 1.75%)			1.86	%		11/18/2026							1,583				1,577,967
Prime Security Services Borrower LLC, Term Loan B-1 (1 mo. USD LIBOR + 2.75%)			3.50	%		09/23/2026							2,944				2,950,455
Prometric Holdings, Inc., Term Loan (3 mo. USD LIBOR + 3.00%)			4.00	%		01/29/2025							850				831,180
Protect America Revolver Loan (1 mo. USD LIBOR + 3.00%)(e)			3.22	%		09/01/2024							3,806				3,502,165
Revolver Loan(e)(g)			0.00	%		09/01/2024							137				125,666
Red Ventures LLC (New Imagitas, Inc.), Term Loan B-3 (1 mo. USD LIBOR + 3.50%)			4.25	%		11/08/2024							572				573,778
Spin Holdco, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.25%)			4.25	%		11/14/2022							7,179				7,183,196
Sportradar Capital (Switzerland), Term Loan (3 mo. EURIBOR + 4.25%)			4.25	%		11/22/2027			EUR				391				474,313
Tech Data Corp., Term Loan (1 mo. USD LIBOR + 3.50%)			3.61	%		06/30/2025							2,109				2,126,310
Tempo Acquisition LLC, Term Loan (1 mo. USD LIBOR + 3.25%)			3.75	%		11/02/2026							0				249
UnitedLex Corp., Term Loan (1 mo. USD LIBOR + 6.00%)(e)			5.99	%		03/20/2027							894				894,335
Ventia Deco LLC, Term Loan B (1 mo. USD LIBOR + 4.00%)			5.00	%		05/21/2026							3,170				3,183,890
Verra Mobility Corp., Term Loan B-1 (1 mo. USD LIBOR + 3.25%)			3.36	%		02/28/2025							1,012				1,014,272
Virtusa Corp., Term Loan B(d)			–			12/09/2027							971				978,642
Wash MultiFamily Acquisition, Inc. First Lien Term Loan (3 mo. USD LIBOR + 3.25%)			4.25	%		05/16/2022							830				830,289
First Lien Term Loan (3 mo. USD LIBOR + 3.25%)			4.25	%		05/16/2022							156				155,855
West Corp., Term Loan B (1 mo. USD LIBOR + 4.00%)			5.00	%		10/10/2024							1,274				1,259,214
WowMidco S.A.S. (France), Term Loan B (3 mo. GBP LIBOR + 4.50%)			4.53	%		08/08/2026			GBP				391				545,762
																	89,785,332
Cable & Satellite Television–3.12%
Altice Financing S.A. (Luxembourg)
Term Loan (3 mo. USD LIBOR + 2.75%)			2.86	%		07/15/2025							549				545,363
Term Loan (3 mo. USD LIBOR + 2.75%)			2.86	%		01/31/2026							221				218,728
Atlantic Broadband Finance LLC, Term Loan B(d)			–			01/03/2025							154				154,104
Charter Communications Operating LLC, Term Loan B-1 (1 mo. USD LIBOR + 1.75%)			1.87	%		04/30/2025							19				18,837
CSC Holdings LLC Term Loan (3 mo. USD LIBOR + 2.25%)			2.36	%		07/17/2025							11				11,293
Term Loan (1 mo. USD LIBOR + 2.50%)			2.61	%		04/15/2027							326				325,292
Numericable-SFR S.A. (France) Incremental Term Loan B-13 (3 mo. USD LIBOR + 4.00%)			4.20	%		08/14/2026							1,605				1,608,782
Term Loan B-12 (1 mo. USD LIBOR + 3.67%)			3.81	%		01/31/2026							2,899				2,902,580
Telenet Financing USD LLC, Term Loan AR (6 mo. USD LIBOR + 2.00%)			2.11	%		04/15/2028							314				312,586
UPC Financing Partnership Term Loan B-1 (1 mo. USD LIBOR + 3.50%)			3.61	%		01/31/2029							2,607				2,615,776
Term Loan B-2 (1 mo. USD LIBOR + 3.50%)			3.61	%		01/31/2029							2,608				2,615,776
Virgin Media Bristol LLC (United Kingdom) Term Loan(d)			–			01/15/2029			EUR				376				457,043
Term Loan(d)			–			01/15/2029							3,314				3,322,545
Term Loan N(d)			–			01/31/2028							4,304				4,301,242
Ziggo Secured Finance Partnership, Term Loan I(d)			–			04/15/2028							2,412				2,401,487
																	21,811,434
Chemicals & Plastics–5.79%
Alpha US Bidco, Inc., Term Loan B-1 (3 mo. USD LIBOR + 3.00%)			4.00	%		01/31/2024							96				95,928
Aruba Investments, Inc. First Lien Term Loan (1 mo. USD LIBOR + 4.00%)			4.75	%		11/24/2027							1,029				1,042,071
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%)			8.50	%		11/24/2028							1,365				1,381,050
Ascend Performance Materials Operations LLC, Term Loan			5.50	%		08/27/2026							4,081				4,142,199
BASF Construction Chemicals (Germany) Term Loan (3 mo. EURIBOR + 4.50%)			4.50	%		08/07/2027			EUR				272				330,936
Term Loan B-1 (3 mo. EURIBOR + 4.50%)			4.50	%		07/30/2027			EUR				279				339,107
BCPE Max Dutch Bidco B.V. (Netherlands), Term Loan B(d)			–			10/31/2025			EUR				215				259,821
Charter NEX US, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.25%)			5.00	%		12/01/2027							1,237				1,249,140

 

See accompanying Notes to Consolidated Financial Statements which are an integral part of the financial statements.

 

15

Invesco Senior Income Trust

 

 

		Interest Rate				Maturity Date						Principal Amount (000)(a)				Value
Chemicals & Plastics–(continued)
Colouroz Investment LLC (Germany) First Lien Term Loan B-5 (Acquired 06/24/2020; Cost $15,056)(d)(f)			–			09/21/2023			EUR				15			$	17,751
PIK First Lien Term Loan B-2, 0.75% PIK Rate, 5.25% Cash Rate(i)			0.75	%		09/21/2023						$	2,721				2,648,076
PIK First Lien Term Loan B-4, 0.75% PIK Rate, 5.00% Cash Rate (Acquired 06/09/2020; Cost $12,086)(f)(i)			0.75	%		09/21/2023			EUR				12				14,223
PIK First Lien Term Loan C, 0.75% PIK Rate, 5.25% Cash Rate(i)			0.75	%		09/21/2023							433				421,541
PIK First Lien Term Loan, 0.75% PIK Rate, 5.00% Cash Rate (Acquired 06/09/2020 - 11/20/2020; Cost $1,466,901)(f)(i)			0.75	%		09/21/2023			EUR				1,359				1,605,079
PIK Second Lien Term Loan B-2, 5.75% PIK Rate, 5.25% Cash Rate(i)			5.75	%		09/05/2022							40				33,766
Emerald Performance Materials LLC, Term Loan B (1 mo. USD LIBOR + 4.00%)			5.00	%		08/11/2025							397				399,001
Fusion, Term Loan(d)(e)			–			01/07/2026							1,509				1,494,008
Gemini HDPE LLC, Term Loan B (1 mo. USD LIBOR + 3.00%)			3.50	%		12/11/2027							1,759				1,757,188
Hexion International Holdings B.V. (Netherlands) Term Loan B (3 mo. EURIBOR + 4.00%)			4.00	%		06/26/2026			EUR				418				506,576
Term Loan B (3 mo. USD LIBOR + 3.50%)			3.74	%		07/01/2026							940				939,155
ICP Group Holdings LLC First Lien Term Loan(d)			–			01/14/2028							1,172				1,175,096
Second Lien Term Loan(d)			–			01/14/2029							250				253,428
Ineos Quattro Holdings Ltd. (United Kingdom), Term Loan B(d)			–			01/21/2026							3,380				3,399,752
Invictus US NewCo LLC First Lien Term Loan (3 mo. USD LIBOR + 3.00%)			3.11	%		03/28/2025							1,361				1,361,038
Second Lien Term Loan (3 mo. USD LIBOR + 6.75%)			6.86	%		03/30/2026							965				958,490
Kersia International S.A.S. (Belgium), Term Loan B (3 mo. EURIBOR + 4.00%)			4.00	%		11/30/2027			EUR				317				384,013
KPEX Holdings, Inc. Second Lien Term Loan (3 mo. USD LIBOR + 7.00%)			8.00	%		01/31/2026							203				185,211
Term Loan (3 mo. USD LIBOR + 3.25%)			4.25	%		01/31/2025							611				587,437
Lummus Technology (Illuminate Buyer, LLC) , Term Loan B (1 mo. USD LIBOR + 3.50%)			3.61	%		06/30/2027							1,027				1,028,702
Messer Industries USA, Inc., Term Loan B-1 (3 mo. USD LIBOR + 2.50%)			2.75	%		03/02/2026							2,634				2,637,124
Oxea Corp. Term Loan B-1 (1 mo. EURIBOR + 3.75%)			3.75	%		10/11/2024			EUR				735				883,500
Term Loan B-2 (3 mo. USD LIBOR + 3.50%)			3.63	%		10/14/2024							2,092				2,087,471
Perstorp Holding AB (Sweden) Term Loan B (3 mo. EURIBOR + 4.75%)			4.75	%		02/26/2026			EUR				233				276,564
Term Loan B (3 mo. USD LIBOR + 4.75%)			5.02	%		02/27/2026							642				627,118
Potters Industries LLC, Term Loan B (1 mo. USD LIBOR + 4.00%)(e)			4.75	%		11/19/2027							725				729,124
PQ Corp. Term Loan B (1 mo. USD LIBOR + 3.00%)			4.00	%		02/07/2027							1,276				1,283,056
Term Loan B-1 (3 mo. USD LIBOR + 2.25%)			2.46	%		02/07/2027							103				102,586
Proampac PG Borrower LLC, Term Loan(d)			–			11/03/2025							583				585,291
Starfruit US Holdco LLC, Term Loan (3 mo. USD LIBOR + 3.00%)			3.11	%		10/01/2025							2,891				2,887,396
Univar, Inc., Term Loan B-5 (1 mo. USD LIBOR + 2.00%)			2.11	%		07/01/2026							377				376,941
																	40,485,954
Clothing & Textiles–1.01%
ABG Intermediate Holdings 2 LLC, Incremental Term Loan (1 mo. USD LIBOR + 5.25%)			6.25	%		09/29/2024							234				236,679
Gloves Buyer, Inc., Term Loan (1 mo. USD LIBOR + 4.00%)			4.75	%		01/20/2028							973				975,148
International Textile Group, Inc., First Lien Term Loan (3 mo. USD LIBOR + 5.00%)			5.26	%		05/01/2024							306				288,732
Kontoor Brands, Inc., Term Loan B (3 mo. USD LIBOR + 4.25%)(e)			4.36	%		05/17/2026							400				401,813
Mascot Bidco Oy (Finland) Term Loan B (3 mo. EURIBOR + 4.50%)			4.50	%		03/30/2026			EUR				1,170				1,398,413
Term Loan B-2 (3 mo. EURIBOR + 6.25%)			6.25	%		03/30/2026			EUR				356				429,768
Tumi, Inc., Incremental Term Loan B (1 mo. USD LIBOR + 4.50%)			5.50	%		04/25/2025							3,270				3,309,028
																	7,039,581

 

See accompanying Notes to Consolidated Financial Statements which are an integral part of the financial statements.

 

16

Invesco Senior Income Trust

 

 

		Interest Rate				Maturity Date						Principal Amount (000)(a)				Value
Conglomerates–0.35%
Safe Fleet Holdings LLC
First Lien Term Loan (3 mo. USD LIBOR + 3.00%)			4.00	%		02/03/2025						$	1,849			$	1,824,187
First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.75%)(e)			4.75	%		02/03/2025							393				391,777
Second Lien Term Loan (3 mo. USD LIBOR + 6.75%)			7.75	%		02/02/2026							264				239,815
																	2,455,779
Containers & Glass Products–4.74%
Berlin Packaging LLC
Term Loan (3 mo. USD LIBOR + 3.00%)			3.26	%		11/07/2025							127				126,571
Term Loan B-1 (3 mo. USD LIBOR + 3.00%)			3.26	%		11/07/2025							983				977,837
Berry Global, Inc., Term Loan Y (1 mo. USD LIBOR + 2.00%)			2.12	%		07/01/2026							4,306				4,310,149
Brook and Whittle Holding Corp., Term Loan(e)			7.00	%		10/17/2024							9,006				8,870,954
Consolidated Container Co. LLC, Term Loan B(d)			–			01/29/2028							1,766				1,766,268
Duran Group (Germany), Term Loan B-2 (3 mo. USD LIBOR + 4.25%)			5.00	%		03/29/2024							3,081				2,980,434
Flex Acquisition Co., Inc. Incremental Term Loan B(d)			–			06/29/2025							416				413,224
Term Loan (3 mo. USD LIBOR + 3.00%)			4.00	%		12/29/2023							31				31,020
Fort Dearborn Holding Co., Inc. First Lien Term Loan (3 mo. USD LIBOR + 4.00%)			5.00	%		10/19/2023							1,038				1,037,083
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%)			9.50	%		10/21/2024							203				202,010
Graham Packaging Co., Inc., Term Loan (1 mo. USD LIBOR + 3.75%)			4.75	%		07/29/2027							583				584,495
Hoffmaster Group, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 4.00%)			5.00	%		11/21/2023							3,587				3,318,968
Keter Group B.V. (Netherlands) Term Loan B-1 (3 mo. EURIBOR + 4.25%)			5.25	%		10/31/2023			EUR				1,922				2,296,827
Term Loan B-3 (3 mo. EURIBOR + 4.25%)			5.25	%		10/31/2023			EUR				1,178				1,407,501
Klockner Pentaplast of America, Inc. Term Loan B(d)			–			03/01/2026			EUR				541				650,734
Term Loan B(d)			–			03/01/2026							582				584,605
Libbey Glass, Inc., Term Loan (1 mo. USD LIBOR + 8.00%) (Acquired 11/13/2020; Cost $1,027,671)(f)			9.00	%		11/12/2025							1,137				1,127,126
Pretium PKG Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 4.00%)			4.75	%		10/14/2027							1,021				1,027,336
Refresco Group N.V. (Netherlands), Term Loan B-1 (3 mo. EURIBOR + 3.25%)			3.25	%		03/28/2025			EUR				247				299,325
Reynolds Group Holdings, Inc., Term Loan B-2 (1 mo. USD LIBOR + 3.25%)			3.36	%		02/16/2026							791				789,792
TricorBraun, Inc., Term Loan			6.00	%		11/30/2023							52				52,142
Trident TPI Holdings, Inc., Term Loan B-1 (3 mo. USD LIBOR + 3.00%)			4.00	%		10/17/2024							312				312,480
																	33,166,881
Cosmetics & Toiletries–1.62%
Alphabet Holding Co., Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.75%)			7.86	%		09/26/2025							2,040				2,051,278
Anastasia Parent LLC, Term Loan (3 mo. USD LIBOR + 3.75%)			4.00	%		08/11/2025							686				474,734
Coty, Inc., Term Loan B (3 mo. USD LIBOR + 2.25%)			2.37	%		04/05/2025							5,458				5,295,623
Domtar Personal Care, Term Loan B(d)(e)			–			03/01/2028							1,465				1,470,232
KDC/One (Canada), Term Loan (1 mo. EURIBOR + 5.00%)			5.00	%		12/22/2025			EUR				181				218,891
Parfums Holding Co., Inc., First Lien Term Loan (2 mo. USD LIBOR + 4.00%)			4.23	%		06/30/2024							1,111				1,109,304
Prestige Brands, Inc., Term Loan B-4 (3 mo. USD LIBOR + 2.00%)			2.11	%		01/26/2024							61				61,440
Rodenstock GmbH (Germany), Term Loan B (3 mo. EURIBOR + 5.25%)			5.25	%		06/05/2026			EUR				566				687,653
																	11,369,155
Drugs–0.49%
Bausch Health Americas, Inc. (Canada)
First Lien Incremental Term Loan (1 mo. USD LIBOR + 2.75%)			2.87	%		11/27/2025							990				991,150
Term Loan (3 mo. USD LIBOR + 3.00%)			3.12	%		06/02/2025							294				294,591
Endo LLC, Term Loan (3 mo. USD LIBOR + 4.25%)			5.00	%		04/29/2024							1,603				1,596,651
Grifols Worldwide Operations USA, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%)			2.09	%		11/15/2027							66				65,968
Pharmaceutical Product Development, Inc., Term Loan(d)			–			01/06/2028							470				472,708
																	3,421,068
Ecological Services & Equipment–3.91%
EnergySolutions LLC, Term Loan (3 mo. USD LIBOR + 3.75%)			4.75	%		05/11/2025							1,150				1,148,273
GFL Environmental, Inc. (Canada), Incremental Term Loan (1 mo. USD LIBOR + 3.00%)			3.50	%		05/30/2025							1,467				1,475,397

 

See accompanying Notes to Consolidated Financial Statements which are an integral part of the financial statements.

 

17

Invesco Senior Income Trust