Loan & DebtMay 12, 2026, 04:14 PM
Flowserve Issues $500M 5.700% Senior Notes Due 2036
AI Summary
Flowserve Corporation issued $500 million aggregate principal amount of 5.700% Senior Notes due 2036. Interest on the notes is payable semi-annually, commencing November 15, 2026. A special mandatory redemption clause is triggered if the Trillium Flow Technologies Valves Division acquisition is not consummated by February 4, 2027, or if the related purchase agreement is terminated. The notes are general senior unsecured obligations.
Key Highlights
- Flowserve issued $500 million aggregate principal amount of 5.700% Senior Notes due 2036.
- Interest on the Notes is payable semi-annually on May 15 and November 15, commencing November 15, 2026.
- The Notes mature on May 15, 2036.
- A Special Mandatory Redemption is required if the Trillium Flow Acquisition is not consummated by February 4, 2027.
- The Special Mandatory Redemption price is 101% of the principal amount plus accrued interest.
- Flowserve may optionally redeem the Notes prior to February 15, 2036, at a premium.
- The Notes are general senior unsecured obligations, ranking equally with existing and future senior unsecured indebtedness.