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Flex Announces Expiration of Exchange Offer for its 4.750% Notes Due 2025
January 15, 2016 | FlexEstimated reading time: Less than a minute
Flex has 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100% of the aggregate principal amount outstanding of the Original Notes, were validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer.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 around January 15, 2016.
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