Ferguson Prices $750 Million of Senior Unsecured Notes
Ferguson Enterprises Inc. (FERG)
Company Research
Source: Business Wire
NEWPORT NEWS, Va.--(BUSINESS WIRE)--On October 1, 2024, 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 5.000% senior unsecured notes due 2034 (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 (the “Guarantor”). Ferguson expects that the closing of the Offering will occur on October 3, 2024, subject to the satisfaction of customary closing conditions.Ferguson intends to use a portion of the net proceeds from the sale of the Notes to prepay certain outstanding term loans, with the remaining proceeds to be used for general corporate purposes. BofA Securities, Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the Offering.The Offering of the Notes and the related
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FERG
News
- Ferguson plc (NASDAQ: FERG) had its price target raised by analysts at Wells Fargo & Company from $225.00 to $232.00. They now have an "overweight" rating on the stock.MarketBeat
- Ferguson Files Form 8-KBusiness Wire
- Ferguson plc (NASDAQ: FERG) is now covered by analysts at Oppenheimer Holdings Inc.. They set an "outperform" rating and a $234.00 price target on the stock.MarketBeat
- Ferguson Enterprises Inc.: Notice of Dividend Currency Exchange RateBusiness Wire
- Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingBusiness Wire
FERG
Earnings
- 9/17/24 - Beat
FERG
Sec Filings
- 10/16/24 - Form 4/A
- 10/16/24 - Form 4/A
- 10/16/24 - Form 4/A
- FERG's page on the SEC website