Flex Files Full $4.4B EPC Power Acquisition Agreement with Bridge Financing Details
FLEX has more than doubled off its 52-week low of $53.07.
Summary
Flex filed the full agreement for its $4.4 billion acquisition of EPC Power, adding bridge financing terms, financial projections, and closing conditions to the previously announced deal.
Key Events · M&A and Partnerships · FLEX
-
$4.4B EPC Power Acquisition Agreement Filed
Flex filed the complete Stock Purchase Agreement for its $4.4 billion cash acquisition of EPC Power, a provider of power conversion technology for AI data centers and grid applications. The deal is expected to close in Q4 2026.
-
$4.4B Bridge Financing from Citi and BofA
Flex entered into a senior unsecured 364-day bridge facility commitment letter with Citigroup Global Markets Inc., Bank of America, N.A., and BofA Securities, Inc. for up to $4.4 billion, intended to be replaced with permanent debt and equity financing.
-
EPC Power Financial Projections
EPC Power is expected to generate approximately $800 million in revenue in calendar 2026, with approximately 40% organic revenue growth expected in 2027 and EBITDA margin expanding by double-digit percentage points to approximately 30% in 2027.
-
Locked Box and Escrow Terms
The purchase price is fixed at $4.4 billion as of June 30, 2026 via a locked box mechanism, with a $5 million escrow amount and customary post-closing purchase price adjustments for leakage and transaction expenses.
Analysis · FLEX · Manufacturing
Flex's DEFA14A filing contains the complete Stock Purchase Agreement for its $4.4 billion acquisition of EPC Power, a power conversion technology company serving AI data centers and grid applications. The filing adds material new details beyond the September 3 press release: a $4.4 billion senior unsecured 364-day bridge facility from Citi and Bank of America, a locked box mechanism fixing enterprise value at June 30, 2026, a $5 million escrow, and termination provisions extending to June 30, 2027 under antitrust conditions. EPC Power is projected to generate approximately $800 million in 2026 revenue with 40% organic growth expected in 2027 and EBITDA margins expanding to approximately 30%. The acquisition positions Flex's Cloud and Power Infrastructure segment—slated for spin-off in Q1 2027—to capture the shift to 800V data center power architectures driven by AI workloads. The deal is expected to close in Q4 2026, subject to HSR approval and customary conditions.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FLEX was trading at $108.93 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $39.9B. The 52-week trading range was $53.07 to $166.86. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.