Flowserve Enhances Financial Flexibility with Revised Credit Terms

The latest announcement is out from Flowserve ( (FLS) ).

Flowserve Corporation revamped its credit agreement with Bank of America and other lenders, maintaining an $800 million revolving credit facility and adding a $500 million term loan, with options to expand the credit facility by $400 million. On October 10, 2024, $500 million was used from this agreement to fund an acquisition and refinance debt. The agreement, expiring in 2029, features interest rates tied to the company’s credit rating and includes standard covenants and default terms.

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