secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0000866374-25-000037
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flex Ltd. enters new $2.75B revolving credit facility, replacing $2.5B facility due 2027
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637425000037/0000866374-25-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637425000037/flex-20250715.htm
  HTML page:      https://secwatch.observer/filing/0000866374-25-000037

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