Flex Enters $3.3 Billion Credit Agreement to Finance EPC Power Corp. Acquisition

Flex Ltd. has entered into a new credit agreement, dated September 29, 2026, providing a senior term loan facility of $3.3 billion. The proceeds are intended to finance a portion of the cash consideration for the company's previously announced acquisition of EPC Power Corp. and related expenses. The facility, led by Citibank, N.A. as administrative agent, was undrawn at closing.

Key Details

• Facility Details: A $3.3 billion senior term loan credit facility that matures 364 days after the funding date.
• Interest & Covenants: Loans will bear interest at a floating rate (Term SOFR or Base Rate plus a margin). The agreement requires maintaining a Debt/EBITDA ratio not to exceed 4.50 to 1.00 and an Interest Coverage Ratio of at least 3.00 to 1.00.
• Financing Update: This new agreement automatically reduces, on a dollar-for-dollar basis, the commitments under Flex's previously disclosed $4.4 billion, 364-day bridge facility.