FLEX LTD. (FLEX) Form 8-K — Oct 14, 2026
Flex completed its $4.4 billion all-cash acquisition of EPC Power on October 14, 2026, making EPC Power a wholly owned subsidiary within the Cloud and Power Infrastructure business. The purchase price was fixed via a locked box mechanism with enterprise value set as of June 30, 2026. To fund the deal, Flex drew $3.3 billion under a term loan and $1.1 billion under a new bridge credit facility, both maturing October 13, 2027, with floating SOFR-based pricing and covenants capping Debt/EBITDA at 4.50x and requiring interest coverage of at least 3.00x. The bridge requires Flex to prepay from proceeds of a term loan facility to be entered into by Axiom.
Key figures
- Debt Amount
- 4400000000
- Deal Value Usd
- 4400000000
- Maturity Date
- October 13, 2027
- Locked box date
- June 30, 2026
- Preferred shares
- 200000
- Term loan facility usd
- 3300000000
- Debt ebitda covenant max
- 4.50 to 1.00
- Preferred investment usd
- 2000000000
- Bridge credit facility usd
- 1100000000
- Interest coverage covenant min
- 3.00 to 1.00
- Preferred investment price per share
- 10000
AI analysis
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