Ferguson to Leverage $750M from Senior Notes Sale - Modern Distribution Management

Ferguson to Leverage $750M from Senior Notes Sale

The plumbing and HVAC distributor completed the debt offering on Sept. 22 with 4.35% notes due in 2031.
Secaucus, NJ, USA - August 22, 2022: Ferguson Plumbing Supply he

Plumbing, PVF, HVAC, infrastructure and industrial supplies distributor Ferguson Enterprises aims to use the net proceeds from its sale of senior notes for general corporate purposes.

On Sept. 22, Ferguson completed the public offering of $750 million in aggregate principal amount of 4.35% senior notes due in 2031. Guaranteed by Ferguson U.K. Holdings, an indirect subsidiary of Ferguson, the proceeds of the sale will be used for “corporate purposes,” including the repayment of existing debt, according to the 8-K filing. The filing went on to note that those purposes may include investments in technology and distributino expansion.

For its total fiscal 2025, Ferguson posted sales of $30.8 billion — a new annual high. It has also changed its fiscal year-end from July 31 to Dec. 31, following a five-month transition period that began Aug. 1. The company will begin reporting on a calendar year basis effective Jan. 1, 2026.

Ferguson ranked several times on MDM’s 2025 Top Distributors Lists, including No. 1 for Plumbing, No. 2 for HVACR, No. 2 for Industrial PVF, No. 11 for Building Materials/Construction and No. 12 for Industrial Supplies. The company was also named one of MDM’s 2025 Industry Titans.

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