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AI brief of an SEC Form 8-K · Flex (FLEX)

Flex Ltd. signs $1.45 billion senior term loan maturing November 2027

Neutral Impact 3 of 5 financing Written later

Flex Ltd. entered into a $1.45 billion senior term loan credit facility with Citibank, N.A. as administrative agent, dated May 29, 2026, and the facility was fully funded on that date. Proceeds will refinance the Existing 364-Day Facility, which had partly funded the acquisition of Electrical Power Products, Inc., and the new loan matures on November 29, 2027.

Key points

  • Credit facility totals $1.45 billion and matures November 29, 2027
  • Interest is floating, based on Term SOFR or Base Rate plus a margin tied to the company's senior unsecured debt ratings
  • Covenants require Debt/EBITDA of no more than 4.00 to 1.00 and Interest Coverage of at least 3.00 to 1.00 each fiscal quarter
  • Proceeds repay the Existing 364-Day Facility, which was terminated on the closing date

The filing

CompanyFlex (FLEX)
Form8-K, current report
Filed with the SECJun 2, 2026, 4:05 PM ET
Accession number0001104659-26-069463

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

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 June 02, 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.