Form 8-K · Current report
Ferguson Enterprises 8-K, filed Aug 11, 2026
- Filed
- CIK
- 0002011641
- Accession no.
- 0001552781-26-000433
Summary
Ferguson Enterprises Inc. entered into a $700 million bridge term loan credit agreement and a $900 million term loan credit agreement on August 11, 2026, with JPMorgan Chase Bank, N.A. as administrative agent, to fund a portion of the consideration and fees for its previously disclosed acquisition of FWI Holdings, Inc. (FloWorks). Borrowings are unsecured, subject to conditions including the substantially concurrent consummation of the FloWorks acquisition, and the company must maintain a maximum net leverage ratio of 3.50 to 1.00, with a temporary step-up to 4.00 to 1.00 for four fiscal quarters after certain material acquisitions.
Key points
- The Bridge Credit Agreement provides for an unsecured bridge facility of up to $700 million, maturing 364 days after the borrowing date.
- The Term Loan Credit Agreement provides for an unsecured term loan facility of up to $900 million, maturing three years after funding.
- Proceeds are to fund a portion of the consideration and related fees and expenses for the previously disclosed FloWorks Acquisition, and are drawable if bank financing or capital markets proceeds sufficient to fund the acquisition have not been received.
- The agreements require a consolidated maximum net leverage ratio of 3.50 to 1.00, stepping up to 4.00 to 1.00 for the four fiscal quarters ending immediately after certain material acquisitions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. Bridge Credit Agreement On August 11, 2026, Ferguson Enterprises Inc. (the “Company”), as borrower, entered into a bridge term loan credit agreement (the “Bridge Credit Agreement”) with Ferguson UK Holdings Limited (“Ferguson UK”), as guarantor, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. The Bridge Credit Agreement provides for a bridge credit facility in an aggregate principal amount of up to $700 million, which is unsecured and scheduled to mature 364 days after the date the borrowing under the Bridge Credit Agreement is made (the “Funding Date”). …
An excerpt of the text as filed with the SEC, cut for length.
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