Flex closes $4.4B EPC Power acquisition; funds with $3.3B term loan and $1.1B bridge

FLEX LTD.

Completed acquisition of EPC Power Corp. for $4.4B cash on Oct 14, 2026; EPC Power now part of Flex's Cloud and Power Infrastructure segment.
Funded via $3.3B term loan Credit Facility, $1.1B Bridge Credit Facility, and cash on hand; both facilities mature Oct 13, 2027 (364 days).
Covenants require Debt/EBITDA not exceeding 4.50x and Interest Coverage of at least 3.00x as of each fiscal quarter-end.
Axiom Solutions International to sell 200,000 Series A convertible preferred shares at $10,000 each ($2.0B) to GC Venture XIII and others, pending HSR approval.
Flex plans to spin off Cloud and Power Infrastructure as Axiom Solutions International in Q1 2027; EPC Power has over 15 GW deployed for AI data center/grid power.

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