Flowserve to amend facility to allow for new term loan, revolver

Chicago, Sept. 9 – Flowserve Corp. is expecting to amend its credit facility to obtain a new $300 million term loan and a revolver of up to $800 million, the company stated in a 424B2 filing with the Securities and Exchange Commission on Thursday.

The facility will have a five-year tenor.

The company is working with its sustainability coordinator about whether to add sustainability metrics to the revolver.

The representations, warranties, covenants and events of default are expected to be substantially similar to the company’s current facility.

Proceeds will be used to refinance existing loans and for other general corporate purposes.

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

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