---
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"
generated_at: "2026-08-11T20:18:39.189906+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-26-000433
- JSON: https://secwatch.observer/filing/0001552781-26-000433.json
- Plain text: https://secwatch.observer/filing/0001552781-26-000433.txt

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