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 Robert W. Baird from $225.00 to $230.00. They now have an "outperform" rating on the stock.MarketBeat
- Ferguson Files Definitive Proxy Materials and Annual ReportBusiness Wire
- Ferguson Files Form 8-K and Prospectus Supplement to its Shelf Registration StatementBusiness Wire
- Ferguson Files Form 10-KBusiness Wire
- Ferguson Share Repurchase Program - Weekly ReportBusiness 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