Flex Secures $1.45B Senior Term Loan Facility

Flex Ltd. entered into a new Credit Agreement on May 29, 2026, establishing a senior term loan credit facility totaling $1.45 billion. The facility, which was fully funded on the closing date, matures on November 29, 2027. Proceeds will be used for general corporate purposes, including the refinancing of an existing 364-day facility that previously funded the acquisition of Electrical Power Products, Inc. The agreement includes customary covenants, such as maintaining a Debt/EBITDA Ratio not exceeding 4.00 to 1.00 and an Interest Coverage Ratio not less than 3.00 to 1.00.