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Ferguson Enterprises Prices Public Offering Of $750M In Aggregate Principal Amount Of 4.350% Senior Unsecured Notes Due 2031

Author: Benzinga Newsdesk | September 18, 2025 03:30pm

On September 18, 2025, Ferguson Enterprises Inc. ("Ferguson") (NYSE:FERG, LSE: FERG))) announced that it has priced a public offering (the "Offering") of $750 million in aggregate principal amount of 4.350% senior unsecured notes due 2031 (the "Notes"). The obligations of Ferguson under the Notes will be fully and unconditionally guaranteed (the "Guarantee") by Ferguson UK Holdings Limited, an indirect subsidiary of Ferguson. Ferguson expects that the closing of the Offering will occur on September 22, 2025, subject to the satisfaction of customary closing conditions.

Ferguson intends to use the net proceeds from the sale of the Notes for general corporate purposes, which may include the repayment of existing indebtedness. J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc. and Barclays Capital Inc. are acting as joint book-running managers for the Offering.

Posted In: FERG

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