← Ferguson Enterprises Inc. /DE/
Signed Aug 11, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Loans | $700m | n/a | 75–125 bps |
Priced over Term SOFR, floor 0 bps (Term Loan A).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level 1 | A2/A/A or higher | 75 bps | 7 bps |
| Level 2 | A3/A-/A- | 88 bps | 7 bps |
| Level 3 | Baa1/BBB+/BBB+ | 100 bps | 7 bps |
| Level 4 | Baa2/BBB/BBB | 113 bps | 9 bps |
| Level 5 | Baa3/BBB-/BBB- or lower | 125 bps | 13 bps |
Lenders: JPMorgan Chase Bank, N.A.
The Borrower will not permit, as of the last day of any fiscal quarter of the Borrower, commencing with the first fiscal quarter of the Borrower ending after the Funding Date, the ratio of (a) Consolidated Net Funded Debt as of such day to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ending on such day to be greater than 3.50 to 1.00, subject to, at the Borrower’s election … an increase to 4.00 to 1.00 for the period of four consecutive fiscal quarters of the Borrower ending immediately following the consummation of a Threshold Acquisition.Read the filing on sec.gov ↗
No amendments on file yet.
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