Ferguson Enterprises Inc. Completes $1.2 Billion Senior Notes Offering

Details

completed the public offering of $700,000,000 aggregate principal amount of 4.800% Senior Notes due 2029 and $500,000,000 aggregate principal amount of 5.600% Senior Notes due 2036. The obligations of the Company under each series of Notes are fully and unconditionally guaranteed by Ferguson UK Holdings Limited, an indirect subsidiary of the Company. The Notes were issued pursuant to an effective shelf registration statement and an underwriting agreement. The Indenture governing the Notes contains certain covenants and restrictions, including limitations on the Company's and the Guarantor's ability to incur specified debt secured by liens and requirements to satisfy certain conditions in order to merge or consolidate with another entity.

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About Ferguson Enterprises Inc.

Ferguson Enterprises Inc., a leading distributor of plumbing supplies, is a key player in the industrial and construction sectors. The company's primary purpose is to provide a comprehensive range of products, including fixtures, pipes, valves, and fittings, catering to both commercial and residential markets. Ferguson also offers services like inventory management and logistics solutions, enhancing operational efficiency in the supply chain. With a strong presence in North America, Ferguson serves a diverse clientele that includes contractors, construction companies, and industrial firms. This extensive network allows Ferguson to play a critical role in building and maintaining infrastructure, impacting sectors such as residential construction, commercial buildings, and industrial facilities. Ferguson Enterprises’ significance in the market lies in its ability to supply essential materials for construction and maintenance activities, making it an indispensable resource in the plumbing and HVAC industry. Its broad product range and strong distribution network enable Ferguson to contribute significantly to the development and sustainability of essential services across multiple industries.