Flex Shares Lose Steam After AI Rally, Balance Sheet Scrutiny Rises on $1.45 Billion Loan
Flex Ltd. shares fell 1.3% to $159.77 Thursday after the company took on a $1.45 billion term loan maturing in 2027. The financing replaces a prior loan used for its Electrical Power Products acquisition. Flex plans to spin off its cloud and power infrastructure unit by early 2027 but warned of possible delays and risks. Fiscal 2026 net sales reached $27.9 billion, with 2027 guidance up to $33.8 billion.