---
title: "Ferguson Lines Up $1.6 Billion Unsecured Bridge and Term Loans for FloWorks Acquisition"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295575925.md"
description: "Ferguson secured $1.6 billion in unsecured credit facilities to fund its acquisition of FloWorks. This includes a $700 million, 364-day bridge facility and a $900 million, three-year term loan, both administered by JPMorgan Chase. The financing supports the pending deal, with the bridge facility serving as contingent funding if other sources are unavailable."
datetime: "2026-08-11T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295575925.md)
  - [en](https://longbridge.com/en/news/295575925.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295575925.md)
---

# Ferguson Lines Up $1.6 Billion Unsecured Bridge and Term Loans for FloWorks Acquisition

Ferguson entered into two unsecured credit agreements totaling up to $1.6 billion to support its pending acquisition of FloWorks. The company secured a $700 million 364-day bridge facility, available if other bank or capital markets financing is not in place at closing, and a $900 million three-year term loan to fund acquisition consideration and related costs. Both facilities, administered by JPMorgan Chase Bank with a syndicate of lenders, bear interest at either the Base Rate or Term SOFR plus rating-based margins and include customary covenants such as a maximum net leverage ratio with a temporary post-acquisition step-up.

**Agreement 1: Ferguson Secures $700 Million Unsecured 364-Day Bridge to Support FloWorks Acquisition**

-   **Agreement type**: Unsecured 364-day bridge term loan facility
-   **Counterparty**: JPMorgan Chase Bank, as administrative agent, and other lenders
-   **Signed / Effective**: Aug 11 2026 / same
-   **Duration / Termination**: 364 days from funding
-   **Reason**: Provide contingent financing for the FloWorks acquisition

**Agreement 2: Ferguson Arranges $900 Million Unsecured Three-Year Term Loan for FloWorks Deal Funding**

-   **Agreement type**: Unsecured three-year term loan facility
-   **Counterparty**: JPMorgan Chase Bank, as administrative agent, and other lenders
-   **Signed / Effective**: Aug 11 2026 / same
-   **Duration / Termination**: 3 years from funding
-   **Reason**: Finance a portion of the FloWorks acquisition

Original SEC Filing: Ferguson Enterprises Inc. /DE/ \[ FERG \] - 8-K - Aug. 11, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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