Davis Polk advised Ferguson plc in connection with its debut Rule 144A/Regulation S offering of $750 million aggregate principal amount of 4.500% notes due 2028 by Ferguson Finance plc. The notes are guaranteed by Ferguson plc and another of its subsidiaries.
Ferguson plc is a world leading specialist distributor of plumbing and heating products to professional contractors and consumers, serving principally the repair, maintenance and improvement markets, as well as the new construction market. Ferguson bridges the gap between a diverse supplier base and customers by providing suppliers with a cost-effective route to market and customers with specialist advice and a wide range of products delivered where and when they are required.
The Davis Polk corporate team included partner Reuven B. Young and associate Andrew Rowe. The English law team included partner Dan Hirschovits and associates James Harmer and Marcelo Valenca. The tax team included partner Jonathan Cooklin, counsel Alon Gurfinkel and associates Dominic Foulkes and Veronica Davis. All members of the Davis Polk team are based in the London office.