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FLEX LTD. 8-K Report, Material Agreement (May 4, 2026)

Reports
Material Agreements·Financial Events·Regulation FD+1
Filing Date
Filed May 4, 2026
Period End
April 30, 2026
Security
FLEX
In the record · 2016–202610-K1210-Q328-K144

FLEX filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Aug ’17Aug ’17
  2. Restructuring8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Jun ’21Jun ’21
  4. Material agreement8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed May 4, 2026. Cited figures are marked; the original filing is the authoritative source.

Flex Ltd. (FLEX) has announced a significant financing event and a major acquisition completion via its Form 8-K filing on May 4, 2026.

The company has secured a new senior delayed draw term loan credit facility totaling $1.45 billiona, maturing 364 days after the initial funding. This facility, provided by a syndicate of lenders with Citibank, N.A. as administrative agent, will be used for general corporate purposes, critically including the financing of its previously disclosed acquisition of Electrical Power Products, Inc. (EP²). The Credit Agreement introduces customary covenants and events of default, including financial maintenance covenants such as a Debt/EBITDA Ratio not to exceed 4.00x and an Interest Coverage Ratio of at least 3.00x.

While the credit facility is not guaranteed by subsidiaries initially, the company retains the option to add subsidiary guarantees. Concurrently, Flex announced the successful completion of its acquisition of EP², as detailed in an accompanying press release.

02—Key points

Key Highlights

  1. Secured a $1.45 billion senior delayed draw term loan credit facility.
  2. The new credit facility matures 364 days after its first funding.
  3. Proceeds are earmarked for general corporate purposes, including the acquisition of Electrical Power Products, Inc. (EP²).
  4. The acquisition of EP² has been officially completed as of May 4, 2026.
  5. The credit agreement includes financial covenants: Debt/EBITDA Ratio <= 4.00x and Interest Coverage Ratio >= 3.00x.
  6. Interest rates are variable, based on Term SOFR or Base Rate plus an applicable margin tied to debt ratings.

03—Questions

Frequently Asked Questions

  1. What is the purpose of the new $1.45 billion credit facility?

    The primary purposes of the new $1.45 billion credit facility are for general corporate purposes and to finance the acquisition of Electrical Power Products, Inc. (EP²), which Flex Ltd. has also announced as completed.

  2. When does the new credit facility mature?

    The credit facility matures on the date that is 364 days after the date on which the term loans are first funded under the agreement.

  3. What are the key financial maintenance covenants Flex Ltd. must adhere to under the new credit agreement?

    Flex Ltd. must maintain a Debt/EBITDA Ratio not to exceed 4.00 to 1.00 and an Interest Coverage Ratio of not less than 3.00 to 1.00 as of the last day of any fiscal quarter.

  4. Has Flex Ltd. completed its acquisition of Electrical Power Products, Inc. (EP²)?

    Yes, Flex Ltd. announced the completion of its acquisition of EP² on May 4, 2026, with the financing for this acquisition being partly supported by the newly established credit facility.

04—Continue

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