The credit facility restructuring is standard refinancing that maintains Flowserve's financial flexibility. Investors should monitor the company's leverage ratios and interest coverage as stipulated in the covenants, but this transaction does not signal any immediate financial distress or strategic shift.
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Executive Summary
Flowserve Corporation has amended and restated its credit agreement, creating a $1.45 billion senior credit facility consisting of a $1.0 billion revolving credit facility and a $450 million term loan. The existing credit agreement was terminated simultaneously with the new agreement's effectiveness. This refinancing supports general corporate purposes and maintains the company's financial flexibility.
Key Financial Metrics
Key Facts
- Flowserve entered into a Third Amended and Restated Credit Agreement on April 15, 2026
- The agreement provides for a $1.0 billion unsecured revolving credit facility and a $450 million unsecured term loan
- The existing credit agreement was terminated on the same date the new agreement became effective
- The maturity date for both facilities is April 15, 2031
- Approximately $450 million was drawn under the term loan and $250 million under the revolving facility at closing
Financial Impact
$1.45 billion in total credit facilities
Risk Factors
- Failure to maintain financial covenants could trigger default provisions
- Interest rate exposure based on Term SOFR plus spread dependent on credit rating
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-156982 |
| Document: d146367d8k.htm | 0001193125-26-156982 |
| Document: 0001193125-26-156982-index-headers.html | 0001193125-26-156982 |
| Document: 0001193125-26-156982-index.html | 0001193125-26-156982 |
| Document: 0001193125-26-156982.txt | 0001193125-26-156982 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $71.39 $74.67 | ▲ +4.59% | ▲ +4.49% | $74.37 (+4.17%) |
Jun 30, 2026 13w ago | 8-K | $72.38 $71.37 | ▼ −1.40% | ▼ −1.66% | $74.37 (+2.75%) |
Jun 26, 2026 14w ago | Institutional Cluster | $72.56 $72.34 | ▼ −0.30% | ▼ −2.47% | $74.37 (+2.49%) |
May 12, 2026 20w ago | 8-K | $66.46 $64.39 | ▼ −3.11% | ▼ −1.96% | $74.37 (+11.90%) |
Apr 15, 2026 24w ago | 8-K | $77.83 $81.91 | ▲ +5.24% | ▲ +4.26% | $74.37 (−4.45%) |
Apr 2, 2026 26w ago | DEFA14A | $75.24 $84.38 | ▲ +12.15% | ▲ +8.53% | $74.37 (−1.16%) |
US Market Status
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