{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-25-000129","form_type":"8-K","ticker":"FERG","cik":"0002011641","company_name":"Ferguson Enterprises Inc. /DE/","filed_at":"2025-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.679883+00:00","generated_at":"2026-05-23T22:53:01.597311+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Ferguson enters new $1.5B revolver due 2030, replaces $1.35B facility","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-25-000129","json":"https://secwatch.observer/filing/0001552781-25-000129.json","markdown":"https://secwatch.observer/filing/0001552781-25-000129.md","text":"https://secwatch.observer/filing/0001552781-25-000129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2011641/000155278125000129/0001552781-25-000129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2011641/000155278125000129/e25140_ferg-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T22:53:01.597311+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b3be54f337d219fb74aa64eb7bfef0c4e6a0aeb9","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2011641/000155278125000129/0001552781-25-000129-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.5 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent for the lenders, the swingline lender and a letter of credit issuing bank"},{"label":"Rate","value":"Base Rate or the Term SOFR Rate . . . plus an applicable margin, depending on th"},{"label":"Maturity","value":"April 2, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}