Financing ·
Flex signs $3.3B senior term loan to finance EPC Power Corp acquisition
FLEXFlex Ltd.
On September 29, 2026, Flex Ltd. entered into a $3.3 billion senior term loan credit facility with Citibank, N.A., as administrative agent. The facility bears interest at floating rates based on Term SOFR or Base Rate plus applicable margins and matures 364 days after funding. Although undrawn at closing, proceeds are intended to finance the acquisition of EPC Power Corp. and related fees. The agreement imposes leverage covenants limiting Debt/EBITDA to 4.50x and requiring an Interest Coverage Ratio of at least 3.00x. This new facility permanently reduced commitments under the existing $4.4 billion bridge facility dollar-for-dollar as drawn. Flex Ltd. is a global manufacturing services company that provides supply chain management, engineering, and manufacturing solutions.