Flowserve refinances with $1.3B credit facility; draws $500M for MOGAS buy

FLOWSERVE CORP

New $1.3B facility: $800M revolver (incl. $750M LC sublimit) and $500M term loan; matures Oct 2029.
Drew $500M at closing to fund MOGAS Industries acquisition and refinance existing debt.
Interest rate based on debt ratings; initially SOFR+1.375% (Pricing Level 4).
Terminated prior $800M credit agreement dated Sep 2021.
Right to increase revolver by $400M; commitment fee 0.080%-0.250% on unused portion.

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