$FLEX · FLEX LTD.

Flex Ltd. entered into a $3.3 billion senior term loan credit agreement on September 29, 2026, with Citibank, N.A. as administrative agent. The facility was undrawn at closing and is available in a single advance, maturing 364 days after funding. Proceeds, combined with cash on hand and other debt or equity, will finance the EPC Power Corp. acquisition and permanently reduce the existing $4.4 billion bridge facility on a dollar-for-dollar basis.

Extended-hours trading shows minimal reaction at $116.59, essentially flat vs the regular close. The $3.3B facility replaces a larger $4.4B bridge commitment, suggesting a more efficient financing structure for the EPC Power deal.

The $3.3B facility locks in committed acquisition financing on better terms than the prior $4.4B bridge, reducing Flex's near-term refinancing risk as it simultaneously executes the EPC Power deal and

Flex is using the facility to fund its acquisition of EPC Power Corp., a power conversion specialist, while simultaneously advancing the planned spin-off of its cloud and power infrastructure business into a separate public company (Axiom Solutions International).

The credit agreement contains customary restrictive covenants including limits on indebtedness, liens, asset disposals, and mergers. Breach of the 4.50x Debt/EBITDA or 3.00x Interest Coverage covenants could trigger acceleration of outstanding borrowings.