secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0001193125-24-235900
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000119312524235900/0001193125-24-235900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000119312524235900/d871322d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-235900

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