secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001104659-26-054529
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000110465926054529/0001104659-26-054529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000110465926054529/tm2612613d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-054529

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