Form 8-K · Current report
Flex Ltd. 8-K, filed Oct 14, 2026
- Filed
- CIK
- 0000866374
- Accession no.
- 0001193125-26-421058
Summary
Flex Ltd. completed its $4.4 billion cash acquisition of EPC Power Corp. on October 14, 2026, funding it with $3.3 billion in senior term loans, $1.1 billion in bridge borrowings, and cash on hand. Flex and Axiom Solutions International also agreed to a $2.0 billion Series A convertible preferred stock investment by GC Venture XIII (ASI), L.P. and other investors, intended in part to repay borrowings from the transaction, with closing subject to antitrust and other regulatory approvals.
Key points
- Flex borrowed $3.3 billion under the Credit Facility and $1.1 billion under the Bridge Credit Facility on October 14, 2026, both maturing October 13, 2027.
- EPC Power is now a wholly owned subsidiary and part of Flex's Cloud and Power Infrastructure business.
- Flex plans to separate Cloud and Power Infrastructure into Axiom Solutions International in the first quarter of 2027.
- GC Venture XIII (ASI), L.P. and other investors agreed to purchase 200,000 Axiom Series A convertible preferred shares at $10,000 per share, or $2.0 billion, with closing subject to Hart-Scott-Rodino and other regulatory approvals.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.01Completion of Acquisition or Disposition of Assets
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On October 9, 2026 (the “Bridge Closing Date”), Flex Ltd., a company organized under the laws of Singapore (the “Company” or “Flex”) entered into a Bridge Credit Agreement (the “Bridge Credit Agreement”), by and among the Company, as borrower, the lenders party thereto and Citibank, N.A., as administrative agent, which provides a senior bridge term loan credit facility (the “Bridge Credit Facility”) in an aggregate committed amount of $1.1 billion. In connection with the consummation of the Transaction (as defined below), on October 14, 2026, the Company borrowed $1.1 billion under the Bridge Credit Facility in a single advance. …
An excerpt of the text as filed with the SEC, cut for length.
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