Flowserve Completes $1B Credit Facility

Flowserve Corp. FLS announced today that it has completed a new $1 billion, five-year credit facility, which includes a $500 million term loan and a $500 million revolver that the company can increase, subject to certain conditions, by up to $200 million. The new facility was led by Bank of America, N.A., and replaces the company's existing facility that was scheduled to mature in August 2012.