Flowserve Corporation (NYSE: FLS) announced the pricing of a public offering of $500 million in 5.700% senior notes due 2036. The offering is expected to close on May 12, 2026, subject to customary conditions.

The notes will be general senior unsecured obligations of the company and will rank equally with existing and future senior unsecured debt. Interest payments will occur semi-annually on May 15 and November 15 each year, beginning November 15, 2026.

Flowserve intends to use net proceeds to fund the acquisition of Trillium Flow Technologies Valves Division and for general corporate purposes, which may include debt repayment. If the Trillium Flow acquisition is not completed by February 4, 2027, or if the purchase agreement is terminated, the company plans to redeem all outstanding notes at 101% of principal amount plus accrued interest using the proceeds along with credit facility borrowings or cash on hand.

BofA Securities, J.P. Morgan Securities and Mizuho Securities USA are serving as joint book-running managers for the offering. The notes are being offered under an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.

Dallas-based Flowserve operates in more than 50 countries, producing engineered and industrial pumps, seals and valves along with related flow management services for global infrastructure markets.