Ferguson Enterprises Inc. /DE/ (FERG): debt financing — Ferguson enters new $1.5B revolver due 2030, replaces $1.35B facility

Ferguson Enterprises Inc. /DE/

New unsecured revolving credit facility with aggregate commitments of $1.5 billion, maturing April 2, 2030.
Accordion feature permits increase of up to $500 million subject to lender commitments.
Interest margins on Term Benchmark Loans range from 0.875% to 1.375% based on senior unsecured debt rating.
Existing $1.35B multicurrency revolver terminated; no borrowings were outstanding at termination.
Ferguson UK Holdings Limited guarantees the facility; covenant includes max net leverage of 3.50x (4.00x post-material acquisitions).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ferguson Enterprises Inc. /DE/ incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A., as administrative agent for the lenders, the swingline lender and a letter of credit issuing bank at Base Rate or the Term SOFR Rate . . . plus an applicable margin, depending on th maturing April 2, 2030.

Instrument: revolving credit
Principal: $1.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent for the lenders, the swingline lender and a letter of credit issuing bank
Rate: Base Rate or the Term SOFR Rate . . . plus an applicable margin, depending on th
Maturity: April 2, 2030
Event: incurrence

Exact text from the filing

The Revolving Credit Agreement provides for a revolving credit facility in an aggregate committed amount of $1.5 billion, which is unsecured and scheduled to mature on April 2, 2030.

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Ferguson Enterprises Inc. /DE/ filing history →

Source: SEC EDGAR

accession 0001552781-25-000129

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