Flowserve accepts tenders for €163.22 million of 1.25% notes due 2022

By Taylor Fox

New York, Sept. 22 – Flowserve Corp. announced the expiration and results of its cash tender offer for any and all of its €500 million of 1.25% senior notes due March 17, 2022 (ISIN: XS1196536731), according to a press release.

As of the 5 p.m. ET Sept. 21 expiration time, €163,217,000, or 32.64%, of the notes were tendered.

Flowserve will pay the purchase price of par, plus accrued interest on Sept. 23.

As previously reported, the company plans to offer new dollar-denominated fixed-rate notes, which the tender offer is conditioned on.

BofA Securities, Inc. (+44 207 996 5420, 888 292-0070, 980 387-3907 or DG.LM-EMEA@bofa.com) is acting as dealer manager and Lucid Issuer Services Ltd. (+44 20 7704 0880 or flowserve@lucid-is.com) is acting as tender and information agent.

The flow control systems manufacturer is based in Irving, Tex.

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