"We are pleased with the on-going support of our lenders, including Bank of America Merrill Lynch who acted as lead bank in arranging the amended agreement," said Marc Michael, SPX FLOW President and CEO. "The amended credit facility provides us financial flexibility to continue executing our realignment program and invest in organic growth initiatives. We expect these actions will enable us to better serve our customers and drive improved operational performance even in a low growth macro environment. We are in a stable financial position with adequate liquidity and expect to be well-positioned to leverage growth when our key end markets recover," Michael concluded.
For more information, please refer to the Form 8-K filed by the Company in connection with this amendment.
About SPX FLOW, Inc.:
Based in Charlotte, North Carolina, SPX FLOW (NYSE: FLOW) is a leading global supplier of highly engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services, into the food and beverage, power and energy and industrial end markets. SPX FLOW has more than $2 billion in annual revenues and operations in over 35 countries and sales in over 150 countries. To learn more about SPX FLOW, please visit our website at www.spxflow.com.
Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these results in conjunction with the company's documents filed with the Securities and Exchange Commission. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. Actual results may differ materially from these statements. The words "expect," "anticipate," "project", "believe", "plan" and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company's current complement of businesses, which is subject to change. Statements in this press release speak only as of the date of this press release, and SPX FLOW disclaims any responsibility to update or revise such statements.
Investor and Media Contact:
Ryan Taylor, VP, Communications and Finance
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SOURCE SPX FLOW, Inc.