Ferguson secures $1.6B in bridge and term loan facilities to fund FloWorks acquisition

Ferguson Enterprises Inc. /DE/

On Aug 11, 2026, Ferguson entered a $700M unsecured 364-day bridge credit facility with JPMorgan as admin agent.
Also entered a $900M unsecured 3-year term loan facility; both back the previously disclosed FloWorks (Firecracker) acquisition.
Term Benchmark loans priced at Term SOFR plus 0.750%-1.250% margin depending on Ferguson's senior unsecured debt rating.
Commitment fees of 0.07%-0.125% on unused commitments under both facilities begin Nov 7, 2026 (bridge) and 120 days after effective date (term loan).
Both agreements require max net leverage ratio of 3.50x, with temporary step-up to 4.00x for four quarters after material acquisitions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.