Flex Finalizes $1.45 Billion Term Loan to Refinance Existing Debt
FLEX has more than doubled off its 52-week low of $41.43.
Summary
Flex Ltd. finalized and fully funded a $1.45 billion term loan facility, refinancing existing short-term debt and improving its financial structure.
Key Events · Financing and Capital Events · FLEX
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Definitive Credit Agreement Signed
Flex Ltd. entered into a Credit Agreement for a $1.45 billion senior term loan credit facility on May 29, 2026.
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Loan Fully Funded
The $1.45 billion facility was fully funded on the closing date, May 29, 2026.
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Refinances Existing Debt
Proceeds from the new facility were used to refinance and terminate the Existing 364-Day Facility, which had previously funded the Electrical Power Products, Inc. acquisition.
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New Maturity and Covenants
The term loan matures on November 29, 2027, and includes customary financial covenants, such as a Debt/EBITDA Ratio not to exceed 4.00 to 1.00 and an Interest Coverage Ratio not less than 3.00 to 1.00.
Analysis · FLEX · Manufacturing
Flex Ltd. has entered into and fully funded a $1.45 billion senior term loan credit facility. This action finalizes the financing previously disclosed on May 4, 2026, and is crucial for the company's debt management. The proceeds were used to refinance and terminate an existing 364-Day Facility, which had initially funded the acquisition of Electrical Power Products, Inc. This move improves the company's debt maturity profile by replacing short-term debt with a facility maturing in November 2027, enhancing financial stability.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. 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 $159.43 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $58.4B. The 52-week trading range was $41.43 to $159.86. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.