Flex launches $750 million SEC-registered notes offering

Davis Polk advised the joint book‑running managers and representatives of the several underwriters—BofA Securities, Inc., Citigroup Global Markets Inc. and PNC Capital Markets LLC—in connection with an SEC‑registered offering by Flex Ltd. The offering comprised $150 million aggregate principal amount of 5.250% notes due 2032, which will form a single series with the $500 million aggregate principal amount of 5.250% notes due 2032 that Flex issued on August 21, 2024, and $600 million aggregate principal amount of 5.375% notes due 2035. The current issuance therefore represented $750 million of new notes in the registered offering. Headquartered in Singapore, Flex is a global manufacturing partner that supports leading brands in product design, manufacturing and lifecycle services, and provides advanced manufacturing and supply chain solutions as well as power, cooling and scalable IT infrastructure solutions for accelerated data center deployment. Davis Polk advised BofA Securities, Inc., Citigroup Global Markets Inc. and PNC Capital Markets LLC, the joint book‑running managers and representatives of the several underwriters, with a team composed by: partners Alan F. Denenberg and Beth LeBow and associates Savannah J. Dowling and Ryan Pham from the corporate team; tax counsel Dustin Plotnick and associate Omar Hersi from the tax team; and partner Pritesh P. Shah and associate Anthony Tran providing intellectual property advice. Members of the Davis Polk team were based in the firm’s Northern California and New York offices.

Flex launches $750 million SEC-registered notes offering

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