Flowserve Expands Long-Term Liquidity with New Credit Facilities

Flowserve ( (FLS) ) has shared an announcement.

On April 15, 2026, Flowserve Corporation amended and restated its credit agreement with Bank of America and a syndicate of lenders, establishing a $1 billion unsecured revolving credit facility, including significant sublimits for letters of credit and swing line loans, and an unsecured term loan facility of up to $450 million, both maturing on April 15, 2031. Approximately $450 million was drawn on the term loan and $250 million on the revolver at closing to refinance existing debt and support general corporate purposes, with outstanding letters of credit migrated from the prior facility, while pricing is tied to Term SOFR or a base rate plus ratings-based margins and the agreement imposes customary covenants, leverage and interest coverage tests, and default remedies that shape the company’s ongoing liquidity and capital structure flexibility.

The new revolving facility may be increased by up to $400 million subject to lender approval, and unused commitments will incur a quarterly commitment fee that varies with Flowserve’s credit ratings, underscoring how the company’s borrowing costs and access to liquidity are closely linked to its debt profile. The Third Amended and Restated Credit Agreement replaces the Second Amended and Restated Credit Agreement dated October 10, 2024, aligning Flowserve’s capital resources with a longer-dated maturity profile and consolidated covenant framework that will matter for creditors, ratings agencies and other financial stakeholders over the next several years.

The most recent analyst rating on (FLS) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on Flowserve stock, see the FLS Stock Forecast page.

Spark’s Take on FLS Stock

According to Spark, TipRanks’ AI Analyst, FLS is a Neutral.

The score is driven primarily by improving financial performance (strong multi-year margin and profitability gains with better leverage) and constructive 2026 guidance with aftermarket strength and margin expansion. Offsetting this, the technical setup is weak with clear downside momentum (price below key moving averages; negative MACD), and valuation is only average with a 26x P/E and modest yield.

To see Spark’s full report on FLS stock, click here.

More about Flowserve

Flowserve Corporation operates in the industrial equipment and engineering sector, focusing on pumps, valves, seals and related flow control solutions used across energy, chemical and other process industries. The company relies on sizeable committed credit facilities to fund working capital, refinancing needs and broader general corporate purposes in support of its global operations.

Average Trading Volume: 1,685,883

Technical Sentiment Signal: Buy

Current Market Cap: $10.75B

For detailed information about FLS stock, go to TipRanks’ Stock Analysis page.