The investment-grade notes are due 2031

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Ferguson Enterprises Inc. of $750 million aggregate principal amount of its 4.350% senior notes due 2031. The notes are guaranteed on a senior unsecured basis by Ferguson UK Holdings Limited.

Ferguson is the largest value-added distributor serving the water and air specialized professional in its $340 billion residential and non-residential North American construction market. Ferguson helps make its customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, heating, ventilation and air conditioning, appliances, and lighting to pipes, valves and fittings, water and wastewater solutions and more.

The Davis Polk capital markets team included partner John B. Meade and associates Kerim K. Aksoy and Gianmarco Dedós Capote. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Members of the Davis Polk team are based in the New York and London offices.

Copy link to share post