Flowserve Corp.


Amended and restated its revolving credit facility and added a new $300 million term loan facility with Bank of America NA and certain other lenders. The senior credit facility includes a sustainability-linked option, which provides the opportunity to further lower the company’s overall borrowing costs, based upon an agreement with BofA Securities Inc. as sustainability coordinator, regarding certain Flowserve ESG targets. The revolving credit facility is available for general corporate purposes, and the term loan facility’s proceeds are intended to refinance upcoming debt maturities.  BofA Securities was joint lead arranger and joint book-runner. JPMorgan Chase Bank NA, Mizuho Bank Ltd. and BNP Paribas Securities Corp. also served as joint lead arrangers and joint book-runners.

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