Flex Announces Expiration of Exchange Offer for its 4.750% Notes Due 2025
January 15, 2016 at 02:00 pm
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Flex announced the expiration of its previously announced offer to exchange up to $600 million aggregate principal amount of its outstanding, unregistered 4.750% Notes due 2025 for an equivalent amount of 4.750% Notes due 2025 which have been registered under the Securities Act of 1933. The Exchange Offer, as extended, expired at 11:59 p.m., New York City time, on January 14, 2016. Flex has been advised that $600 million in aggregate principal amount of the Original Notes, representing 100% of the aggregate principal amount outstanding of the Original Notes, were validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer.
Flex expects that settlement of the Exchange Offer will occur on or about January 15, 2016.
Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.
FLEX LTD. 
