Summary
Ferguson Enterprises Inc. announced on August 14, 2026, the successful completion of a significant public offering, raising a total of $1.2 billion through the issuance of senior notes. This offering comprises $700 million in 4.800% Senior Notes due 2029 and $500 million in 5.600% Senior Notes due 2036. The notes are fully and unconditionally guaranteed by Ferguson UK Holdings Limited, an indirect subsidiary. This debt issuance, structured under an indenture with The Bank of New York Mellon as trustee, provides Ferguson Enterprises with substantial capital. The indenture includes customary covenants that limit the company's and guarantor's ability to incur secured debt and restrict mergers or consolidations, while also outlining standard events of default. Investors should note that the company retains the option to redeem these notes under specified terms. The offering was made under an effective shelf registration statement.
Key Highlights
- 1Completed a $1.2 billion public offering of senior notes on August 14, 2026.
- 2Issued $700 million of 4.800% Senior Notes due 2029.
- 3Issued $500 million of 5.600% Senior Notes due 2036.
- 4The notes are fully and unconditionally guaranteed by Ferguson UK Holdings Limited.
- 5The offering was conducted under an effective shelf registration statement.
- 6The indenture includes covenants restricting secured debt and mergers/consolidations.
- 7Ferguson Enterprises has the option to redeem the notes at its discretion.