Flowserve prices $500 million of 5.700% senior notes due 2036 to fund Trillium deal
Flowserve issued $500 million of 5.700% senior notes maturing May 15, 2036, on May 12, 2026. The notes must be redeemed at 101% of principal if the Trillium Flow Technologies Valves Division acquisition is not completed by February 4, 2027, or if the related purchase agreement is terminated first, which ties the debt directly to that pending deal.
Key points
- $500 million principal of 5.700% Senior Notes due May 15, 2036, issued May 12, 2026
- Interest payable semi-annually from November 15, 2026
- Special Mandatory Redemption at 101% of principal if the Trillium Flow Acquisition is not consummated by February 4, 2027, or the purchase agreement is terminated
- Notes are unsecured, not guaranteed by subsidiaries, and effectively subordinated to subsidiary and secured debt
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 12, 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.