Ferguson raises $1.2 billion via senior notes offering
The plumbing and heating supplies distributor secures long-term financing at competitive rates amid steady demand in its core markets.
Ferguson plc has priced a $1.2 billion senior notes offering, according to a regulatory filing.
The notes, issued under the company’s existing debt program, will mature in 2034 and carry a fixed coupon rate. Proceeds will be used for general corporate purposes, including debt refinancing and working capital, the filing stated. The offering follows strong operational performance in Ferguson’s North American and European markets.
The company, a major distributor of plumbing, heating, and cooling products, has seen sustained demand amid housing market activity and infrastructure investments. Ferguson did not disclose pricing terms or investor demand details in the filing. The transaction is expected to close on or around June 12, pending customary conditions.
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