Ferguson PLC Pricing of debut Senior Notes Offering (4077E)
18 October 2018 - 5:01PM
UK Regulatory
TIDMFERG
RNS Number : 4077E
Ferguson PLC
18 October 2018
18 October 2018
NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, JAPAN OR
AUSTRALIA.
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES OF FERGUSON PLC. PLEASE SEE THE IMPORTANT
NOTICE AT THE END OF THIS ANNOUNCEMENT.
FERGUSON PLC
Ferguson plc announces pricing of its debut Senior Notes
Offering
Ferguson plc (the "Group"), the world's leading specialist
distributor of plumbing and heating products, is pleased to
announce the pricing of an offering of $750 million (aggregated
principal amount) of 4.5% senior unsecured notes due 2028 (the
"Offering"). The Notes will be issued by a wholly-owned subsidiary
of Ferguson plc and guaranteed by Ferguson plc and another
wholly-owned Group subsidiary. The Offering is expected to close on
24 October 2018.
The Group intends to use the proceeds from the Offering for
general corporate purposes and to increase liquidity. The Group's
capital priorities and commitment to maintaining a strong balance
sheet are unchanged.
Mike Powell, Group Chief Financial Officer commented "We are
pleased to have successfully priced our debut bond financing at
4.5%. This financing provides additional diversification to the
Group's debt structure whilst extending the maturity profile to
support future growth."
For further information please contact
Ferguson plc
Mike Powell, Group Chief Financial Officer Tel: +41 (0) 41 723 2230
Mark Fearon, Director of Corporate Communications
and IR Mobile: +44 (0) 7711 875070
Media Enquiries
+44 (0) 20 7404
Nina Coad (Brunswick) Tel: 5959
Important information:
NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, JAPAN OR
AUSTRALIA.
Certain statements made in this announcement are forward-looking
statements. Such statements are based on current expectations and
assumptions and are subject to a number of risks and uncertainties
that could cause actual events or results to differ materially from
any expected future events or results expressed or implied in these
forward-looking statements. Persons receiving this announcement
should not place undue reliance on forward-looking statements.
Unless otherwise required by applicable law, regulation or
accounting standard, the Group does not undertake to update or
revise any forward-looking statements, whether as a result of new
information, future developments or otherwise.
These materials are not an offer of securities for sale in the
United States. Any securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in
the United States absent registration or an exemption from
registration under the Securities Act. There is no intention to
register any securities referred to herein in the United States or
to make a public offering of the securities in the United
States.
This announcement is for informational purposes only and is
directed only at persons who are: (a) persons in member states of
the European Economic Area (the "EEA") who are qualified investors
(as defined in EU Prospectus Directive 2003/71/EC (as amended,
including by EU Directive 2010/73/EU to the extent implemented in
the relevant member state)); (b) persons in the United Kingdom who
are qualified investors and who are (i) investment professionals
falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii)
persons falling within Article 49(2) (a) to (d) of the Order ("high
net worth companies, unincorporated associations, etc."); or (iii)
persons to whom an invitation or inducement to engage in investment
activity (within the meaning of Section 21 of the Financial
Services and Markets Act 2000) in connection with the issue or sale
of any senior secured notes may otherwise be lawfully communicated
or cause to be communicated (all such persons in (a) and (b)
together being referred to as "relevant persons"). This
announcement must not be acted on or relied on by persons who are
not relevant persons. Any investment or investment activity to
which this announcement relates is available only to relevant
persons and will be engaged in only with relevant persons.
-ends-
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END
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