Flowserve Prices Senior Notes Offering

Source: www.gulfoilandgas.com 9/9/2021, Location: North America

Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, announced the pricing of a public offering of $500 million of its 2.800% senior notes due 2032. The offering is expected to close on September 23, 2021, subject to customary conditions.

The notes will be general senior unsecured obligations of the Company and will rank equally in right of payment with the Company's existing and future senior unsecured indebtedness. Interest will be paid semi-annually on January 15 and July 15 of each year, beginning on January 15, 2022. The Company intends to use the net proceeds from the sale of the notes to fund the redemption of its 3.500% Senior Notes due September 2022 and its 4.000% Senior Notes due November 2023.

BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC are acting as the joint book-running managers for the offering. Copies of the prospectus supplement and accompanying base prospectus for the offering may be obtained by contacting: BofA Securities, Inc. at 200 North College Street, 3rd Floor, Charlotte, NC 28255, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com, Toll-Free: 1-800-294-1322; J.P. Morgan Securities LLC at: 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk-3rd Floor or by calling collect at (212) 834-4533; or Mizuho Securities USA LLC at: 1271 Avenue of the Americas, New York, NY 10020, Attn: Debt Capital Markets or by calling (866) 271-7403. An electronic copy of the prospectus supplement and accompanying base prospectus for the offering may also be obtained at www.sec.gov.


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