Ferguson Enterprises (FERG) on Tuesday priced a public offering of $700 million in 4.800% senior unsecured notes due 2029 and $500 million in 5.600% senior unsecured notes due 2036.
Closing of the offering is expected on Aug. 14, the company said, adding that proceeds will help fund Ferguson's acquisition of FWI Holdings, with any remainder used for general corporate purposes, including possible debt repayment.
J.P. Morgan Securities and BofA Securities are acting as joint book-running managers for the offering.
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