---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-069463"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2026-06-02T20:05:59+00:00"
generated_at: "2026-06-02T20:13:50.829089+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Flex Ltd. enters $1.45B senior term loan facility; proceeds to refinance acquisition debt

## Summary
- $1.45B senior term loan fully funded on May 29, 2026; matures Nov 29, 2027.
- Proceeds used to refinance existing 364-day facility that funded Electrical Power Products acquisition.
- Interest at Term SOFR plus margin (initially 1.125% based on BBB- rating) or Base Rate plus margin.
- Covenants require Debt/EBITDA ≤ 4.00x and Interest Coverage ≥ 3.00x.
- Obligations not guaranteed by subsidiaries currently; may add guarantors later.

## SEC filing metadata
- accession: 0001104659-26-069463
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2026-06-02T20:05:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000110465926069463/0001104659-26-069463-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000110465926069463/tm2615696d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-069463
- JSON: https://secwatch.observer/filing/0001104659-26-069463.json
- Plain text: https://secwatch.observer/filing/0001104659-26-069463.txt

## Source-grounded claims
- claim_id: 49a9dc52de94bd410b5c1da7952e38c36e82a46b
  claim: FLEX LTD. incurred term loan of $1.45 billion with Citibank, N.A. at Term SOFR plus an applicable margin or Base Rate plus an applicable margin maturing November 29, 2027.
  evidence_excerpt: On May 29, 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 term loan credit facility (the “Credit Facility”) in an aggregate amount of $1.45 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000110465926069463/0001104659-26-069463-index.htm
- claim_id: 0f7e3a6c15bb6ebdcd5fe2fe5ef38ce114432bac
  claim: FLEX LTD. entered into Credit Agreement with Citibank, N.A., as administrative agent valued at $1.45 billion (effective 2026-05-29).
  evidence_excerpt: 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 term loan credit facility (the “Credit Facility”) in an aggregate amount of $1.45 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000110465926069463/0001104659-26-069463-index.htm

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