Flowserve tenders for all €500 million 1.25% notes due 2022

By Sarah Lizee

Olympia, Wash., Sept. 14 – Flowserve Corp. launched a cash tender offer for any and all of its €500 million of 1.25% senior notes due March 17, 2022 (ISIN: XS1196536731), according to a press release.

The offer will expire at 5 p.m. ET on Sept. 21.

Flowserve is offering to purchase the notes at par plus accrued interest.

The company plans to offer new dollar-denominated fixed-rate notes, which the tender offer is conditioned on.

Settlement is slated for Sept. 23.

Tendered notes may be withdrawn before the deadline.

BofA Securities, Inc. (+44 207 996 5420, 888 292-0070 U.S. toll-free, 980 387-3907 U.S. collect or DG.LM-EMEA@bofa.com) is acting as dealer manager and Lucid Issuer Services Ltd. (+44 20 7704 0880 or flowserve@lucid-is.com) is acting as tender and information agent.

The flow control systems manufacturer is based in Irving, Tex.

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