debt
confidence high
sentiment neutral
materiality 0.50
Flex Ltd. prices $750M in two-tranche senior notes offering; $150M 5.250% notes due 2032 and $600M 5.375% notes due 2035
FLEX LTD.
- Issued $150M of 5.250% Notes due 2032 (reopening of $500M series) and $600M of 5.375% Notes due 2035.
- Interest on 2032 notes payable Jan 15 & Jul 15; 2035 notes payable May 13 & Nov 13; both mature in 2032 and 2035 respectively.
- Notes are senior unsecured; rank equally with existing and future senior unsecured debt; limited covenants and change-of-control provisions.
- Underwriting agreement signed Nov 10, 2025 with BofA Securities, Citigroup, PNC; closing on Nov 13, 2025.