---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-054529"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-15T00:10:24.032689+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Flex completes EP² acquisition, secures $1.45B delayed draw term loan

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-054529
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000110465926054529/0001104659-26-054529-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000110465926054529/tm2612613d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-054529
- JSON: https://secwatch.observer/filing/0001104659-26-054529.json
- Plain text: https://secwatch.observer/filing/0001104659-26-054529.txt

## Source-grounded claims
- claim_id: 66ae15ac33e09ac95c57034f0e5678510a767705
  claim: 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.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000110465926054529/0001104659-26-054529-index.htm
- claim_id: 3438d747918a428e0adf80f7ab5dedeb09dd1b81
  claim: FLEX LTD. entered into Credit Agreement with Citibank, N.A. valued at $1.45 billion (effective 2026-04-30).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000110465926054529/0001104659-26-054529-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.