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Ferguson PLC - Ferguson completes $600 million bond financing

RNS Number : 7363O
Ferguson PLC
03 June 2020
 

3 June 2020

 

NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, JAPAN OR AUSTRALIA.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 COMPLETES $600 million BOND FINANCING

 

 

Ferguson announces that it has issued $600 million principal aggregate amount of bonds at 3.25% with a ten-year maturity. The proceeds will be for general corporate purposes, including the repayment of existing debt, and to increase liquidity.

 

Enquiries:

 

Ferguson plc

 

Mike Powell, Group Chief Financial Officer

+44 (0)118 927 3800

Mark Fearon, Director of Group Communications and IR

+44 (0)7711 875 070

 

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NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, JAPAN OR AUSTRALIA.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. The 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 and no public offering of the securities was made in the United States. Securities sold in the United States were sold only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) pursuant to Rule 144A.

 

This announcement is only being distributed to, and is only directed at persons who (i) are outside the United Kingdom; (ii) have professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (iii) are high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (iv) other persons to whom it may otherwise be lawfully communicated (all such persons together being referred to as "relevant persons").  Any investment or investment activity to which this announcement relates is available only to, and will be engaged in only with relevant persons. Persons who are not relevant persons should not take any action on the basis of this communication and should not act or rely on it.

 

This announcement is only being distributed to, and is only directed at, persons in the European Economic Area who are "qualified investors" as defined in Regulation EU2017/1129 (as amended, the "Prospectus Regulation") or otherwise in circumstances which do not require the publication by Ferguson plc of a prospectus pursuant to the Prospectus Regulation.

 

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Quick facts: Ferguson PLC

Price: 7744

Market: LSE
Market Cap: £17.41 billion
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