Flex lines up $3.3 billion credit facility with Citibank for EPC Power deal
The facility was not drawn when it closed on September 29, 2026, and will mature 364 days after it is funded
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Flex has entered a credit agreement with Citibank as administrative agent, providing a senior term loan facility of up to $3.3 billion. The deal closed on September 29, 2026. The facility was not drawn at closing and will mature 364 days after it is funded.
Proceeds are meant to help pay the cash portion of Flex's acquisition of EPC Power Corp. and related assets, alongside cash on hand and other financing. The new facility automatically cut commitments under Flex's existing $4.4 billion bridge facility for the same deal, dollar for dollar.
The move replaces part of the EPC Power financing with a term facility rather than leaving it entirely on the bridge, which lowers the effective cost and the risk tied to extending financing around the closing date, though it does not change how much money the deal requires in total. That stands in contrast to Tesla's $30 billion liquidity buildout, which is precautionary, undrawn and has no near-term use. Flex's facility exists to fund a known, dated acquisition, so its relevance tracks directly to when the EPC Power deal closes rather than to general balance sheet flexibility.
The dollar-for-dollar cut to the bridge facility shows Flex actively managing its financing mix ahead of the close, rather than leaving the bridge facility as a placeholder. That can affect interest costs once the new facility is actually drawn.