Financing ·
On August 11, 2026, Ferguson Enterprises Inc. entered into a $700 million unsecured bridge credit facility and a $900…
FERGFerguson Enterprises Inc.
On August 11, 2026, Ferguson Enterprises Inc. entered into a $700 million unsecured bridge credit facility and a $900 million term loan credit agreement to fund the acquisition of FWI Holdings, Inc. (FloWorks Acquisition). The bridge facility matures 364 days after funding, while the term loan matures three years after funding. Both facilities are guaranteed by Ferguson UK Holdings Limited and bear interest at Base Rate or Term SOFR plus applicable margins ranging from 0.000% to 1.250%. Commitment fees on unused commitments range from 0.07% to 0.125%. The agreements require a maximum net leverage ratio of 3.50 to 1.00, stepping up to 4.00 to 1.00 for four fiscal quarters following material acquisitions. Ferguson Enterprises Inc. operates in the wholesale distribution industry, supplying plumbing, heating, cooling, and HVAC products.