Flex Replaces $3.3B of Bridge Financing with New Term Loan for EPC Power Acquisition
FLEX has more than doubled off its 52-week low of $53.07.
Summary
Flex entered into a $3.3 billion term loan facility to fund part of its $4.4 billion EPC Power acquisition, replacing a portion of the existing bridge facility with longer-term financing.
Key Events · Financing and Capital Events · FLEX
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$3.3B Term Loan Facility Established
Flex entered into a Credit Agreement on September 29, 2026 for a $3.3 billion senior term loan facility with Citibank, N.A. as administrative agent. The facility was not drawn at closing and matures 364 days after funding.
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Bridge Facility Reduced Dollar-for-Dollar
The effectiveness of the new Credit Agreement automatically and permanently reduced commitments under the existing $4.4 billion bridge facility by $3.3 billion, leaving $1.1 billion of bridge capacity.
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Financial Covenants Established
The Credit Agreement requires Flex to maintain a Debt/EBITDA ratio not exceeding 4.50x and an Interest Coverage Ratio of at least 3.00x, tested quarterly.
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Proceeds Fund EPC Power Acquisition
Proceeds from the facility, together with cash on hand and other debt or equity issuances, will finance a portion of the $4.4 billion cash consideration for the EPC Power acquisition announced September 4, 2026.
Analysis · FLEX · Manufacturing
Flex has entered into a $3.3 billion senior term loan credit facility to fund a portion of its $4.4 billion EPC Power acquisition. This new facility replaces a corresponding amount of the previously announced $4.4 billion bridge facility on a dollar-for-dollar basis. The term loan carries a floating rate tied to Flex's debt ratings and includes standard financial covenants — a Debt/EBITDA ratio cap of 4.50x and an Interest Coverage Ratio floor of 3.00x. The facility was not drawn at closing and matures 364 days after funding. This is a significant step in finalizing the permanent financing structure for the EPC Power deal, reducing reliance on the shorter-term bridge facility.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1668 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.56%. 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 $116.61 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $43.1B. The 52-week trading range was $53.07 to $166.86. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.