Flex Ltd.’s $200 Million Notes Reopening

Davis Polk advised the joint book-running managers in connection with the offering.

Flex Ltd. entered into an underwriting agreement with J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and U.S. Bancorp Investments, Inc., as representatives of the several underwriters, pursuant to which the Company agreed to sell and the Underwriters agreed to purchase $200,000,000 aggregate principal amount of its 4.875% Notes due 2029.

Headquartered in Singapore, Flex is a globally-recognized provider of Sketch-to-Scale services – innovative design, engineering, manufacturing and supply chain services and solutions – from conceptual sketch to full-scale production. Flex designs, builds, ships and manages complete packaged consumer and enterprise products, from medical devices and connected automotive systems to sustainable lighting and cloud and data center solutions, for companies of all sizes in various industries and end-markets.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture), counsel Jeffrey Gould and associate Josephine Chen. The tax team included partner Rachel D. Kleinberg. The intellectual property and technology team included partner Frank J. Azzopardi and associate Daniel P. Kearney. Members of the Davis Polk team are based in the Northern California and New York offices.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Josephine Chen – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Jeffrey Gould – Davis Polk & Wardwell; Daniel Kearney – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Global Markets Ltd; J.P. Morgan Securities LLC; U.S. Bancorp Investments;

Author: Ambrogio Visconti