Flex Signs $1.45 Billion Credit Facility to Help Fund EP² Acquisition
On April 30, 2026, Flex entered into a $1.45 billion senior delayed draw term loan credit facility with Citibank, N.A. as administrative agent. Flex said it will use the proceeds for general corporate purposes, including financing its acquisition of Electrical Power Products, Inc. (EP²), which it announced on May 4, 2026 had been completed. The facility adds borrowing capacity and debt covenants that shareholders should weigh against the company's leverage.
Key points
- Credit facility totals $1.45 billion and matures 364 days after the first funding date of the term loans
- Loans bear interest at Term SOFR or Base Rate plus a margin tied to Flex's senior unsecured debt ratings
- Covenants require a Debt/EBITDA ratio of no more than 4.00 to 1.00 and an Interest Coverage Ratio of at least 3.00 to 1.00
- EP² acquisition completion announced May 4, 2026; obligations are not guaranteed by any subsidiary at this time
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.