debt
confidence high
sentiment neutral
materiality 0.50
Ferguson Enterprises closes $750M offering of 5.000% Senior Notes due 2034
Ferguson Enterprises Inc. /DE/
- Closed $750M offering of 5.000% Senior Notes due 2034; issued under Base Indenture and First Supplemental Indenture.
- Notes are fully and unconditionally guaranteed by Ferguson UK Holdings Limited, an indirect subsidiary.
- Indenture includes customary covenants limiting secured debt and merger restrictions, plus standard events of default.
- Company may redeem the notes at its option, in whole or in part, at specified redemption prices.
- Underwriting agreement with BofA Securities, J.P. Morgan, and RBC Capital Markets as representatives.