secwatch.observer — SEC 8-K summary
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Issuer:     Ferguson Enterprises Inc. /DE/ (FERG)
CIK:        0002011641
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001552781-25-000129
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ferguson enters new $1.5B revolver due 2030, replaces $1.35B facility
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011641/000155278125000129/0001552781-25-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011641/000155278125000129/e25140_ferg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-25-000129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer