Flex closes $1.45B acquisition of EP² with new 364-day term loan facility

Filed May 4, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Flex completed its acquisition of Electrical Power Products (EP²) on May 4, 2026, financing the deal with a $1.45 billion delayed draw term loan facility arranged through Citibank.

  Item 8.01 view on EDGAR →
• high

  The credit facility matures in just 364 days after first draw, creating near-term refinancing pressure. Proceeds can be drawn as needed for the acquisition and general corporate purposes.

  Item 1.01 verify on EDGAR →
• medium

  Flex must maintain debt below 4x EBITDA and interest coverage above 3x earnings. Covenant violations could trigger default provisions on the $1.45B facility.

  Item 1.01 verify on EDGAR →