secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2026-10-14T12:13:15+00:00
Accession:  0001193125-26-421058
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000119312526421058/0001193125-26-421058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000119312526421058/d147467d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-421058

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