FLEX LTD. (FLEX): debt financing — Flex Ltd. enters new $2.75B revolving credit facility, replacing $2.5B facility due 2027

FLEX LTD.

New $2.75B unsecured revolving credit facility matures July 15, 2030, replacing existing $2.5B facility due July 19, 2027.
Facility includes sublimits of $400M for swing line loans and $200M for letters of credit, with ability to increase by up to $500M.
Interest rates based on Term SOFR plus margins ranging from 1.00% to 1.750% (depending on credit ratings), commitment fee 0.100%-0.275% on undrawn amounts.
Facility contains customary financial covenants (max leverage, min interest coverage) and is not guaranteed by subsidiaries.
Some lenders under new facility have provided or may provide other banking services, and an affiliate of one lender is trustee under various notes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FLEX LTD. incurred revolving credit of $2.75 billion with Bank of America, N.A. at Term SOFR plus an applicable margin ranging between 1.00% and 1.750% per annum maturing July 15, 2030.

Instrument: revolving credit
Principal: $2.75 billion
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus an applicable margin ranging between 1.00% and 1.750% per annum
Maturity: July 15, 2030
Event: incurrence

Exact text from the filing

On July 15, 2025 (the “Closing Date”), Flex Ltd. (the “Company”), as borrower, entered into a new $2.75 billion Credit Agreement (the “New Credit Facility”) with Bank of America, N.A., as Administrative Agent, L/C issuer and Swing Line Lender

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Source: SEC EDGAR

accession 0000866374-25-000037

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