debt
confidence high
sentiment neutral
materiality 0.50
Ferguson Enterprises issues $1.2B in senior notes: $700M 4.800% due 2029, $500M 5.600% due 2036
Ferguson Enterprises Inc. /DE/
- $700M aggregate principal of 4.800% Senior Notes due 2029 and $500M of 5.600% Senior Notes due 2036 issued.
- Notes fully and unconditionally guaranteed by Ferguson UK Holdings Limited, an indirect subsidiary.
- Issued under indenture dated Sept 30, 2024, as supplemented by Third Supplemental Indenture dated Aug 14, 2026.
- Underwriting agreement with J.P. Morgan Securities LLC and BofA Securities Inc. as representatives.
- Company may redeem each series at its option; covenants limit secured debt and merger conditions.