secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0001193125-26-156982
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowserve enters $1.45B credit facility, refinances existing debt
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- New $1.0B unsecured revolver (incl. $750M LC sublimit, $30M swing line) and $450M term loan, maturing April 15, 2031.
- On closing drew $450M term loan and $250M revolver to refinance existing debt and for general corporate purposes.
- Interest rate on revolver/term loan: Term SOFR + 1.375% (or Base Rate + 0.375%) initially; commitment fee 0.080%-0.250% on unused revolver.
- Covenants include consolidated net leverage ratio and interest coverage; ratings-based pricing grid (Pricing Level 4 initially).
- Existing $1.45B Second Amended and Restated Credit Agreement (Oct 2024) terminated concurrently.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000119312526156982/0001193125-26-156982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000119312526156982/d146367d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-156982

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