Flowserve (NYSE: FLS) inks $1B revolver, $450M term loan maturing 2031
Flowserve Corporation has secured a new credit facility, comprising a $1 billion unsecured revolving credit facility and an unsecured term loan facility of up to $450 million. Both facilities, maturing on April 15, 2031, are intended to refinance existing debt and support general corporate purposes. The pricing is linked to Term SOFR or Base Rate, depending on the company's debt rating, and includes customary financial covenants.
https://www.stocktitan.net/sec-filings/FLS/8-k-flowserve-corp-reports-material-event-d9c0e2c9cb3f.html