FLEX LTD. incurred term loan of $1.45 billion with Citibank, N.A. at Term SOFR plus an applicable margin or Base Rate plus an applicable margin maturing November 29, 2027.
“On May 29, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior term loan credit facility (the “Credit Facility”) in an aggregate amount of $1.45 billion.”
Material Agreements
FLEX LTD. entered into Credit Agreement with Citibank, N.A., as administrative agent valued at $1.45 billion (effective 2026-05-29).
“Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior term loan credit facility (the “Credit Facility”) in an aggregate amount of $1.45 billion.”
Earnings Releases
FLEX LTD. reported the fourth quarter and fiscal year ended March 31, 2026 results: revenue net sales of $7.5 billion in the quarter, net sales of $27.9 billion in the fiscal year, net income GAAP Net Income: $250 million in the quarter, GAAP Net Income: $880 million in the fiscal year, EPS GAAP Earnings Per Share: $0.67 in the quarter, GAAP Earnings Per Share: $2.33 in the fiscal year.
“language in such filing. --- EX-99.1 (EX-99.1) --- P R E S S R E L E A S E EXHIBIT 99.1 FLEX REPORTS FOURTH QUARTER AND FISCAL 2026 RESULTS • Reported Q4 net sales of $7.5 billion, and full-year net sales of $27.9 billion, up 17% and 8%, respectively, versus the prior year. • Delivered Q4 GAAP operating margin of 5.0%, and adjusted operating margin of”
Debt Financings
FLEX LTD. incurred credit facility of $1.45 billion with Citibank, N.A. at Term SOFR plus an applicable margin or Base Rate plus an applicable margin maturing 364 days after the date on which the term loans are first funded.
“On April 30, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior delayed draw term loan credit facility (the “Credit Facility”) in an aggregate commitment amount of $1.45 billion.”
Material Agreements
FLEX LTD. entered into Credit Agreement with Citibank, N.A. valued at $1.45 billion (effective 2026-04-30).
“On April 30, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior delayed draw term loan credit facility (the “Credit Facility”) in an aggregate commitment amount of $1.45 billion.”
Debt Financings
FLEX LTD. incurred revolving credit of $2.75 billion with Bank of America, N.A. at Term SOFR plus an applicable margin ranging between 1.00% and 1.750% per annum maturing July 15, 2030.
“On July 15, 2025 (the “Closing Date”), Flex Ltd. (the “Company”), as borrower, entered into a new $2.75 billion Credit Agreement (the “New Credit Facility”) with Bank of America, N.A., as Administrative Agent, L/C issuer and Swing Line Lender”
Jaime Martinez departed as Interim Chief Financial Officer at FLEX LTD..
“In connection with Mr. Krumm’s appointment, Jaime Martinez will cease to serve as the Company’s Interim Chief Financial Officer as of the Effective Date.”
Kevin S. Krumm was appointed as Chief Financial Officer at FLEX LTD..
“On November 22, 2024, Flex Ltd. (the “Company”) announced that, effective January 6, 2025 (the “Effective Date”), Kevin S. Krumm has been appointed Chief Financial Officer of the Company.”
Michael P. Hartung changed role as Chief Commercial Officer at FLEX LTD..
“Finally, on August 15, 2024, the Board, upon the Committee’s recommendation, approved the following compensation changes for Mr. Michael P. Hartung in connection with his promotion to the role of Chief Commercial Officer:”
Jaime Martinez was appointed as Chief Financial Officer at FLEX LTD..
“Jaime Martinez, Senior Vice President, Finance, Flex Reliability Solutions, will serve as the Company’s Interim Chief Financial Officer, effective August 1, 2024”
Paul R. Lundstrom resigned as Chief Financial Officer at FLEX LTD..
“On July 19, 2024, Mr. Paul R. Lundstrom, Chief Financial Officer of Flex, notified the Company that he is resigning to pursue another career opportunity, effective July 31, 2024.”
Earnings Releases
FLEX LTD. reported fourth quarter and fiscal year ended March 31, 2024 results: revenue Net Sales: $6.2 billion, net income GAAP Net Income from continuing operations: $395 million, EPS GAAP Earnings Per Share from continuing operations: $0.93.
“May 1, 2024 – Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: • Net Sales: $6.2 billion • GAAP Operating Income: $159 million • Adjusted Operating Income: $333 million • GAAP Net Income from continuing operations: $395 million • Adjusted Net Income from continuing”
Restructurings & Charges
FLEX LTD. announced a restructuring with charges of $75 million to $125 million.
“On April 30, 2024, the Company’s management committed to targeted restructuring activities to improve operational efficiencies by reducing excess workforce capacity and optimizing the Company’s manufacturing footprint. While a detailed action plan has not been finalized, the Company currently estimates charges in the range of $75 million to $125 million will be recognized in the first three quarters of the fiscal year ending March 31, 2025.”
William D. Watkins was appointed as Chair of the Board at FLEX LTD..
“William D. Watkins, a current independent director of the Board, has been appointed by the Board to serve as Chair of the Board effective upon the conclusion of the 2024 Annual General Meeting of shareholders, subject to his re-election to the Board at the meeting.”
Michael D. Capellas departed as Chair of the Board at FLEX LTD..
“Michael D. Capellas, Chair of the Company's Board of Directors (the “Board”), informed the Board of his decision not to stand for re-election to the Board at the Company’s 2024 Annual General Meeting of shareholders to be held on August 8, 2024 .”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.