Flex Ltd. $200 Million Notes Reopening
Davis Polk advised the joint book-running managers in connection with an offering by Flex Ltd. of $200 million aggregate principal amount of its 4.875% notes due 2029. The notes will form a single series with the $450 million aggregate principal amount of 4.875% notes due 2029 Flex issued on June 6, 2019.
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, 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.