Flowserve prices $500 million of 5.700% senior notes due 2036 to fund Trillium deal
Flowserve entered into an underwriting agreement on May 5, 2026 for a $500 million offering of 5.700% Senior Notes due 2036, expected to close May 12, 2026. The company intends to use the proceeds mainly to fund the purchase price of the Trillium Flow Technologies Valves Division acquisition. If that deal is not completed by February 4, 2027 or is terminated, the notes would be redeemed at 101% of principal plus accrued interest.
Key points
- $500 million aggregate principal of 5.700% Senior Notes due 2036 offered under an underwriting agreement dated May 5, 2026
- Expected closing date is May 12, 2026, subject to customary closing conditions
- Proceeds intended to fund the Trillium Flow Acquisition; redemption at 101% of principal if the deal is not completed by February 4, 2027 or is terminated
- Certain underwriters or affiliates are lenders under the company's Revolving Facility
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.