FLEX: Material agreement · New financial obligation

Item 1.01 Entry into a Material Definitive Agreement. On September 29, 2026 (the “Closing Date”), Flex Ltd. (the “Company” or “Flex”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior term loan credit facility (the “Credit Facility”) in an aggregate committed amount of $3.3 billion. The Credit Facility was not drawn on the Closing Date. Subject to the satisfaction of the conditions set forth in the Credit Agreement, the Company may borrow under the Credit Facility in a single advance during the availability period provided therein. The Credit Facility will mature 364 days after the date on which it is funded. Loans under the Credit Agreement bear interest at a floating rate, which can be, at the Company’s option, either (a) Term SOFR (as defined in the Credit Agreement) plus an applicable margin or (b) the Base Rate (as defined in the Credit Agreement) plus an applicable margin, in each case, with such margin determined based on the Company’s senior unsecured long-term debt ratings. The Credit Agreement contains various customary covenants, including, but not limited to, restrictions on the ability of the Company and its subsidiaries’ to incur indebtedness, grant liens, dispose of material assets, merge or consolidate with or into other companies, materially change the nature of their business, and make certain accounting changes, in each case, subject to various exceptions. The Credit Agreement requires the maintenance of (i) a Debt/EBITDA Ratio (as defined in the Credit Agreement) not to exceed 4.50 to 1.00 as of the last day of any fiscal quarter of the Company and (ii) an Interest Coverage Ratio (as defined in the Credit Agre