Ferguson PLC - Wokingham, Berkshire-based plumbing and heating products supplier - Completes USD1.00 billion bond financing. Offering includes USD300 million 4.25% notes due April 2027 and USD700 million 4.65% notes due April 2032.
"The net proceeds will be for general corporate purposes, including the repayment of existing debt," the company explains. The successful bond offering "provides additional flexibility to continue to invest in our capital priorities," says Group Chief Financial Officer Bill Brundage.
Current stock price: 10,785.00 pence, up 1.7% on Thursday
12-month change: up 17%
By Tom Budszus; tombudszus@alliancenews.com
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Ferguson (FERG)