Flowserve Corporation entered into a Third Amended and Restated Credit Agreement providing $1,000 million revolving facility and $450 million term loan, maturing April 15, 2031, refinancing existing debt.
Key takeaways
Entered Third Amended and Restated Credit Agreement on April 15, 2026 with Bank of America as agent.
$1,000M unsecured revolving facility (expandable to $1,400M) with $750M LC sublimit and $30M swingline.
$450M unsecured term loan facility; $450M drawn on closing to refinance existing debt.
Maturity date April 15, 2031 for both facilities.
Initial rates: Term SOFR +1.375% or Base +0.375%; commitment fee 0.080%-0.250%.