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Flex to prepay term loan borrowings with proceeds from add-on notes
By Marisa Wong
Los Angeles, Aug. 13 – Flex Ltd. plans to prepay outstanding debt under its term loan due June 2022 using proceeds from an add-on offering of 3¾% notes due 2026 and 4 7/8% notes due 2030, according to a 424B5 filing with the Securities and Exchange Commission.
As of June 26, there was $433.4 million principal amount outstanding under the term loan.
Flex is a Singapore-based consumer and industrial products manufacturer with U.S. headquarters in San Jose, Calif.
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