debt
confidence high
sentiment neutral
materiality 0.60
Flex issues $400M of 6.000% Notes due 2028; to redeem $500M 5.000% 2023 notes
FLEX LTD.
- Issued $400M aggregate principal of 6.000% Notes due 2028; closing expected Dec 7, 2022.
- Net proceeds, plus cash, to fund redemption of $500M 5.000% notes due Feb 2023 on Dec 20.
- Remaining proceeds for general corporate purposes including debt repurchase and capex.
- Underwriting syndicate led by Barclays, BNP Paribas, BofA Securities, U.S. Bancorp.