{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-26-000433","form_type":"8-K","ticker":"FERG","cik":"0002011641","company_name":"Ferguson Enterprises Inc. /DE/","filed_at":"2026-08-11T20:15:53+00:00","discovered_at":"2026-08-11T20:18:00.516140+00:00","generated_at":"2026-08-11T20:18:39.189906+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Ferguson secures $1.6B in bridge and term loan facilities to fund FloWorks acquisition","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-26-000433","json":"https://secwatch.observer/filing/0001552781-26-000433.json","markdown":"https://secwatch.observer/filing/0001552781-26-000433.md","text":"https://secwatch.observer/filing/0001552781-26-000433.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2011641/000155278126000433/0001552781-26-000433-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2011641/000155278126000433/e26338_ferg-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T20:18:39.189906+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}