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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ferguson Plc | LSE:FERG | London | Ordinary Share | JE00BJVNSS43 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 250.00 | 1.45% | 17,535.00 | 17,500.00 | 17,515.00 | 17,560.00 | 17,385.00 | 17,555.00 | 46,162 | 16:35:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Plumb,heat Eq-hydronics-whsl | 29.73B | 1.89B | 9.3140 | 18.79 | 35.5B |
From May 2022 to May 2024
By Anthony O. Goriainoff
Ferguson PLC said Thursday that its liquidity has increased to $800 million after it carried out a series of financing transactions, and that it will use the additional liquidity for general working purposes.
The New York and London-listed supplier of plumbing and heating products said it has agreed to a new $500 million syndicated three-year bank term loan credit line, which matures in 2025.
The company said it has also increased its existing receivables securitization facility by $300 million to $1.1 billion, and increased its current revolving credit line to $1.35 billion from $1.1 billion.
Ferguson said it reduced its existing 364-day bilateral revolving facility to $250 million from $500 million, and that this matures in March, 2023.
"This additional liquidity demonstrates the continued confidence in our business model and provides additional flexibility to continue to invest in our capital priorities," the company said.
Shares in London at 1054 GMT were down 74 pence, or 0.8%, at 9,588 pence.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
October 13, 2022 07:18 ET (11:18 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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