Flex signs $3.3B 364-day term loan to fund EPC Power deal, cutting $4.4B bridge dollar-for-dollar

FLEX LTD.

Credit Agreement dated Sept 29, 2026 with Citibank, N.A. as administrative agent provides a $3.3B senior term loan facility; undrawn at closing, single advance during the availability period.
Loan matures 364 days after funding; interest is Term SOFR or Base Rate plus a margin set by Flex's senior unsecured debt ratings, initially Pricing Level 3: 1.125% (Term SOFR) and 0.125% (Base Rate).
Proceeds plus cash and other borrowings fund part of the cash consideration for the EPC Power Corp. acquisition under the Sept 3, 2026 Stock Purchase Agreement with ACS Acquisitions, Inc.
Effectiveness of the facility automatically and permanently reduced, dollar-for-dollar, commitments under Flex's existing $4.4B 364-day bridge facility from the Sept 3, 2026 commitment letter.
Financial covenants: Debt/EBITDA not above 4.50 to 1.00 and Interest Coverage not below 3.00 to 1.00 at each fiscal quarter-end; no subsidiary guarantees unless Flex elects to add them.

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