debt
confidence high
sentiment neutral
materiality 0.60
Flowserve issues $500M of 2.800% Senior Notes due 2032
FLOWSERVE CORP
- Issued $500M aggregate principal of 2.800% Senior Notes due January 15, 2032.
- Interest payable semi-annually on Jan 15 and Jul 15, starting Jan 15, 2022.
- Notes redeemable at Treasury rate plus 45 bps prior to Oct 15, 2031; thereafter at par.
- Notes are senior unsecured, not guaranteed by subsidiaries, rank equally with other senior unsecured debt.