Project Manager

Flex secured a $3.3 billion senior term loan facility to finance its acquisition of EPC Power. The stock closed at $121.38, which some analysts consider 6.8% undervalued against a narrative fair value of $130.26. The company is transitioning from a traditional contract manufacturer to a high-margin solutions provider focused on AI infrastructure, supply chain nearshoring, and energy transition. Year-to-date, shares have returned 90.61%, with one-year total shareholder returns reaching 112.02%. Despite trading at 46.1 times earnings — above the US Electronic industry average of 30.3 times — this multiple remains below an estimated fair ratio of 61.1 times. The discounted cash flow model suggests shares trade 40.5% below an estimated value of $204.10. Risks include potential cooling of AI data centre demand and execution challenges from the acquisition and planned spin-off.

Top technology executives recognized at the 2026 BayAreaCIO ORBIE Awards. Leading CIOs honored for leadership, innovation, and business impact at the BayAreaCIO ORBIE Awards on October 2, 2026, at the Santa Clara Marriott. SANTA CLARA, Calif., Oct. 05, 2026 (GLOBE NEWSWIRE) - The 2026 BayAreaCIO ORBIE Awards honored leading chief information officers (CIOs) from Intel Corporation, Flex, Zoom, Pacific Gas & Electric Company, Waymo, SLAC National Accelerator Laboratory, and Barracuda Networks for their exceptional leadership. Hosted by BayAreaCIO, one of over 50 Inspire Leadership Network chapters, the prestigious award honors CIOs who drive business transformation and industry impact. View finalists, partners, and more on the Digital ORBIE Feature. This exclusive event brought together top executives and industry leaders from across the Bay Area. The morning honored excellence in technology leadership across seven award categories at the Santa Clara Marriott. "Behind every technology innovation is a CIO who sets the vision and drives the strategy," said John Wrenn, Chair of BayAreaCIO. "The ORBIE Awards represent the highest honor for recognizing the technology leaders making innovation possible." Meet the 2026 BayAreaCIO ORBIE Award Winners: * Cynthia Stoddard, Senior Vice President & Chief Information Officer, Intel Corporation, received the Leadership ORBIE. * John Wrenn, CTO, Flex, received the Super Global ORBIE for organizations over $10 billion annual revenue & multi-national operations. * Awinash Sinha, Chief Digital Information Officer, Zoom, received the Global ORBIE for organizations over $5 billion annual revenue & multi-national operations. * Ajay Waghray, EVP & CIO, Pacific Gas & Electric Company, received the Large Enterprise ORBIE for organizations over $3 billion annual revenue. * Kris Krishan, Head of AI, IT &Digital Transformation, Waymo, received the Enterprise ORBIE for organizations over $1.5 billion annual revenue. * Jonathan Russell, Associate Lab Director for IT & CIO, SLAC National Accelerator Laboratory, received the Large Corporate ORBIE for organizations over $700 million annual revenue. * Siroui Mushegian, CIO, Barracuda Networks, received the Corporate ORBIE for organizations up to $700 million annual revenue. About the ORBIE: The ORBIE is the preeminent executive recognition for C-suite leaders. Since 1998, the ORBIE Awards have recognized leadership excellence, building relationships between executives and trusted business partners, and inspiring the next generation of leaders. Finalists and winners are selected through an independent peer-adjudicated process led by prior ORBIE recipients based on the following criteria: * Leadership and management effectiveness * Business value created by technology innovation * Engagement in industry and community endeavors BayAreaCIO ORBIE Keynote & Attendance: The keynote address for the BayAreaCIO ORBIE Awards was delivered by Velchamy Sankarlingam, President, Product & Engineering, Zoom, who was interviewed by Nichole Meister, Divisional Vice President Information Technology, Abbott Medical Devices. Over 300 guests attended, representing leading Bay Area organizations and their technology partners. The following partners made the 2026 BayAreaCIO ORBIE Awards possible: * Underwriters: Comcast Business, Milestone Technologies, Rimini Street * Gold Partners: Fortinet, Palo Alto Networks, PwC, Serval * Silver Partners: Accenture, Ahead, Cato Networks, Cisco, Cloudflare, Cognizant, Cyera, HCLTech, Hexaware Technologies, Tata Consultancy Services * Bronze Partners: Between Pixels, Boston Consulting Group, Capgemini, Deloitte, Forcepoint, Infosys, NTT Data Inc., Opsera, RGP, Zensar * Media Partner: San Francisco Business Times, Silicon Valley Business Journal * Nonprofit Partner: Year Up United About BayAreaCIO: BayAreaCIO is the preeminent peer leadership network of chief information officers (CIOs) in Bay Area. As one of over 50 chapters of the Inspire Leadership Network, BayAreaCIO belongs to a national membership organization exclusively comprised of C-suite leaders from public and private businesses, government, education, healthcare, and nonprofit institutions. BayAreaCIO is led by a CIO Advisory Board, with support from an executive director and staff. Underwriter executives support the chapter and ensure the programs remain member-led and exclusive to qualified CIOs and members. About Inspire Leadership Network: Inspire Leadership Network is the preeminent peer leadership network of C-suite executives. With over 2,000 members across over 50 chapters, Inspire members serve public and private businesses, government, education, healthcare, and non-profit institutions. Inspire exists to help leaders thrive in today's most challenging executive roles.

Flex Ltd. secures USD 3.3 billion senior term loan facility to finance EPC Power acquisition. Published on 10/02/2026 at 04:10 pm EDT S&P Capital IQ On September 29, 2026, Flex Ltd. entered into a 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 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 Agreement) of not less than 3.00 to 1.00 as of the last day of any fiscal quarter of the Company. The Credit Agreement also includes various customary events of default. Upon an event of default, commitments under the Credit Agreement may be terminated and outstanding borrowings may be accelerated. Proceeds of the Credit Facility, together with cash on hand and proceeds of certain other debt or equity issuances or borrowings, are intended to be used to finance a portion of the cash consideration payable in connection with the Company?s acquisition of EPC Power Corp. and related assets, as previously disclosed in the Company?s Current Report on Form 8-K filed on September 4, 2026, to pay related fees and expenses and for other purposes permitted under the Credit Agreement. The effectiveness of the Credit Agreement automatically and permanently reduced, on a dollar-for-dollar basis, the commitments under the Company?s existing $4.4 billion senior unsecured 364-day bridge facility provided pursuant to the commitment letter, dated September 3, 2026, among the Company, Citigroup Global Markets Inc., Bank of America, N.A. and BofA Securities Inc., which was described in such Current Report on Form 8-K referred to above. The obligations under the Credit Agreement are not guaranteed by any subsidiary of the Company; however, the Company may, at any time after the Closing Date and upon prior written notice to the administrative agent, cause any of its subsidiaries to become a subsidiary guarantor. (C) S&P Capital IQ - 2026