Flowserve gives conditional redemption notices for 2022, 2023 notes

Chicago, Sept. 9 – Flowserve Corp. issued conditional notices of redemption for two series of notes in congruence with a new offering of notes, according to a 424B2 filing with the Securities and Exchange Commission.

The company is planning an early redemption of all $500 million outstanding 3.5% senior notes due September 2022 and all $300 million outstanding of its 4% senior notes due November 2023.

The notes will be redeemed on Oct. 9 with a make-whole premium.

The redemption is subject to a financing condition, namely an issue of new notes and a new term loan.

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

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