FLEX LTD. (FLEX): debt financing — Flex completes EP² acquisition, secures $1.45B delayed draw term loan

FLEX LTD.

Completed acquisition of Electrical Power Products (EP²), a provider of engineered-to-order electrical power control systems.
Entered into $1.45B senior delayed draw term loan credit facility maturing 364 days after first funding; used for EP² acquisition and general corporate purposes.
EP² expands Flex's Critical Power portfolio and strengthens presence in utility, power generation, and data center markets.
Credit Agreement includes covenants: Debt/EBITDA ratio not to exceed 4.00x, Interest Coverage ratio not less than 3.00x.
No financial terms disclosed for the acquisition; EP²'s employees and facilities to integrate into Flex's Embedded and Critical Power business.

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 credit facility of $1.45 billion with Citibank, N.A. at Term SOFR plus an applicable margin or Base Rate plus an applicable margin maturing 364 days after the date on which the term loans are first funded.

Instrument: credit facility
Principal: $1.45 billion
Counterparty: Citibank, N.A.
Rate: Term SOFR plus an applicable margin or Base Rate plus an applicable margin
Maturity: 364 days after the date on which the term loans are first funded
Event: incurrence

Exact text from the filing

On April 30, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior delayed draw term loan credit facility (the “Credit Facility”) in an aggregate commitment amount of $1.45 billion.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

FLEX LTD. entered into Credit Agreement with Citibank, N.A. valued at $1.45 billion (effective 2026-04-30).

Action: entry
Agreement: credit facility
Counterparty: Citibank, N.A.
Value: $1.45 billion
Effective: 2026-04-30

Exact text from the filing

On April 30, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior delayed draw term loan credit facility (the “Credit Facility”) in an aggregate commitment amount of $1.45 billion.

View on SEC.gov

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FLEX LTD. filing history →

Source: SEC EDGAR

accession 0001104659-26-054529

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