Ferguson Enterprises Inc. (NYSE: FERG) priced a public offering of $1.2 billion in senior unsecured notes, according to a press release issued Aug. 11, 2026.

The offering consists of $700 million in 4.800% senior unsecured notes due 2029 and $500 million in 5.600% senior unsecured notes due 2036. Both series of notes will be fully and unconditionally guaranteed by Ferguson UK Holdings Limited, an indirect subsidiary of Ferguson. The closing is expected on Aug. 14, 2026, subject to customary closing conditions.

Ferguson stated it intends to use the net proceeds, together with funds from a delayed draw term loan facility, to finance its previously announced acquisition of FWI Holdings, Inc., including related fees and expenses. Any remaining proceeds are earmarked for general corporate purposes, which may include repaying existing debt. If the acquisition does not close, Ferguson said it would apply the net proceeds toward general corporate purposes, potentially including debt repayment.

J.P. Morgan Securities LLC and BofA Securities, Inc. are serving as joint book-running managers for the offering.

The notes are being offered pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission.