Loan & DebtApr 15, 2026, 04:06 PM
Flowserve Secures New $1.45B Credit Facilities
AI Summary
Flowserve Corporation entered into a Third Amended and Restated Credit Agreement, establishing a new $1,000.0 million unsecured revolving credit facility and a $450.0 million unsecured term loan facility. Both facilities mature on April 15, 2031. The company drew approximately $450.0 million from the term loan and $250.0 million from the revolving facility to refinance existing debt and for general corporate purposes.
Key Highlights
- Secured a new $1,000.0 million unsecured revolving credit facility.
- Includes a $750.0 million sublimit for letters of credit.
- Obtained a $450.0 million unsecured term loan facility.
- Maturity date for both facilities is April 15, 2031.
- Drew $450.0 million from term loan and $250.0 million from revolving facility.