secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2021-09-14T23:59:59+00:00
Accession:  0001193125-21-272861
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowserve amends credit agreement: $800M revolver retained, $300M term loan added to redeem senior notes
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- New $1.1B senior credit facilities: $800M revolver and $300M term loan, both maturing September 13, 2026.
- $300M drawn under term loan to fund redemption of 3.500% Senior Notes due 2022 and 4.000% Senior Notes due 2023.
- Interest rates tied to debt ratings; initial revolver rate LIBOR+1.375%, term loan LIBOR+1.25%.
- ESG performance metrics will adjust commitment fees, interest rates, and letter of credit fees once targets established.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000119312521272861/0001193125-21-272861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000119312521272861/d152836d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-272861

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