Flex secures $1.45B term loan to refinance acquisition debt, matures November 2027

Filed June 2, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

• high

  Flex borrowed $1.45 billion via new term loan facility with Citibank, fully funded May 29, 2026 and maturing in 18 months (November 2027). Proceeds refinanced short-term bridge debt used partly for Electrical Power Products acquisition.

  Item 1.01 verify on EDGAR →
• high

  New debt requires quarterly compliance with 4.00x maximum Debt/EBITDA ratio and 3.00x minimum Interest Coverage ratio. Covenant violations could trigger default and loan acceleration.

  Item 1.01 verify on EDGAR →
• medium

  Interest rate floats with Term SOFR or Base Rate plus credit-rating-based margin, creating variability in debt service costs as rates and Flex's credit profile change.

  Item 1.01 verify on EDGAR →