---
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"
generated_at: "2026-05-23T22:53:01.597311+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Ferguson enters new $1.5B revolver due 2030, replaces $1.35B facility

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-25-000129
- JSON: https://secwatch.observer/filing/0001552781-25-000129.json
- Plain text: https://secwatch.observer/filing/0001552781-25-000129.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2011641/000155278125000129/0001552781-25-000129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.