secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2026-06-02T20:05:59+00:00
Accession:  0001104659-26-069463
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000110465926069463/0001104659-26-069463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000110465926069463/tm2615696d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-069463

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer