Flex Secures $3.3B Term Loan to Fund EPC Power Acquisition
FLEX has more than doubled off its 52-week low of $53.07.
Summary
Flex entered into a $3.3 billion senior term loan credit facility on September 29, 2026, to fund a portion of its $4.4 billion EPC Power acquisition, replacing part of the existing bridge facility.
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, providing a $3.3 billion senior term loan credit facility with Citibank as administrative agent and 17 lenders participating.
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Replaces Bridge Facility Dollar-for-Dollar
The new facility automatically and permanently reduced commitments under the existing $4.4 billion 364-day bridge facility on a dollar-for-dollar basis, leaving $1.1 billion of bridge capacity.
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Pricing at Term SOFR + 1.125%
Loans bear interest at Term SOFR plus 1.125% (Pricing Level 3 based on BBB-/Baa3/BBB- ratings) or Base Rate plus 0.125%, with margins adjusting based on Flex's debt ratings.
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Financial Covenants Set
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.
Analysis · FLEX · Manufacturing
Flex has replaced a portion of its $4.4 billion bridge facility with a $3.3 billion senior term loan credit facility, locking in committed financing for the EPC Power acquisition. The facility carries a Term SOFR + 1.125% interest rate and requires Flex to maintain a Debt/EBITDA ratio below 4.50x and an Interest Coverage Ratio above 3.00x. This is a significant capital structure event that reduces refinancing risk for the $4.4 billion acquisition and provides clarity on the company's post-acquisition leverage profile.
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.