Ferguson Enterprises Enters New $1.5 Billion Revolving Credit Facility

Newport News, VA – April 2, 2025 – Ferguson Enterprises Inc. (NYSE/LSE: FERG) today announced that it has entered into a new unsecured $1.5 billion revolving credit agreement scheduled to mature on April 2, 2030. The agreement includes an accordion feature that allows Ferguson to increase the facility by up to an additional $500 million, subject to lender commitments and other conditions.

The agreement was signed with JPMorgan Chase Bank, N.A. as administrative agent and includes Ferguson UK Holdings Limited as guarantor. The facility provides flexible borrowing options in USD or CAD, with interest rates based on Ferguson’s credit rating and benchmark rates (Base Rate, Term SOFR, or Adjusted Term CORRA), plus applicable margins.

Ferguson will pay a commitment fee ranging from 0.07% to 0.15% on unused portions of the facility, and must maintain a maximum net leverage ratio of 3.5x, with a temporary increase to 4.0x following certain material acquisitions.

Simultaneously, the company terminated its previous $1.35 billion multicurrency revolving facility, which had been in place since March 2020 and amended in October 2022. No amounts were outstanding under the prior facility at the time of termination.

The new agreement supports Ferguson’s long-term financial flexibility and commitment to disciplined capital management.