secwatch.observer — SEC 8-K summary
======================================

Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2026-10-02T20:10:24+00:00
Accession:  0001104659-26-113282
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000110465926113282/0001104659-26-113282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000110465926113282/tm2626870d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113282

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