Flex claims first ESG-linked revolver for US tech name

By Mike Turner
26 Jan 2021

Flex, the US-Singapore electronic component maker, has signed a $2bn revolving credit facility, in what leads are describing as the first ESG-linked syndicated revolving credit facility for the US technology sector.

The five year facility refinances the company’s main bank line. The new facility was increased from $1.75bn to $2bn during syndication.

The margin on the facility is linked to how well Flex performs on two environmental, social and governance (ESG) metrics – greenhouse gas emission intensity and work related ...

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