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Ferguson PLC ( (FERG) ) has shared an announcement.
Ferguson Enterprises Inc. announced the pricing of a $750 million public offering of senior unsecured notes due in 2031, with a 4.350% interest rate. The proceeds from this offering are intended for general corporate purposes, potentially including debt repayment. This financial maneuver is expected to support Ferguson’s operational flexibility and strengthen its market position in the construction industry.
More about Ferguson PLC
Ferguson (NYSE: FERG; LSE: FERG) is the largest value-added distributor in the North American construction market, specializing in water and air solutions. The company provides a range of products and services including plumbing, HVAC, appliances, lighting, and more, with sales of $30.8 billion in FY 2025 and approximately 35,000 associates across over 1,700 locations.
Learn more about FERG stock on TipRanks’ Stock Analysis page.