trending Market Intelligence /marketintelligence/en/news-insights/trending/paqo5jg6uznrqgfhlimdvg2 content esgSubNav
In This List

Ferguson prices debut senior notes

Blog

Global 5G Survey: Operators push past COVID-19 to accelerate 5G network upgrades

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Avoid Unwanted Counterparty Risk Exposure: Five Steps to Take in 2022

Blog

Investment Banking Essentials Newsletter 2021: December Edition


Ferguson prices debut senior notes

Plumbing and heating products distributor Ferguson PLC is offering $750 million in 4.5% senior unsecured notes due 2028.

Ferguson said proceeds from the debut bond offering, which is expected to close Oct. 24, will be used for general corporate purposes and to boost liquidity. Ferguson Group CFO Mike Powell said the bond will help diversify the group's debt structure.

The notes will be issued by a wholly owned Ferguson subsidiary, and guaranteed by Ferguson and another wholly owned subsidiary.