Ferguson Enterprises amends receivables sales facility, extends termination date to October 2027
Ferguson Enterprises and certain subsidiaries entered into an Omnibus Amendment dated October 29, 2024 that amends its receivables purchase and contribution agreements, which date from July 31, 2013, with Royal Bank of Canada as administrative agent. The amendment extends the termination date to October 29, 2027 for all purchase groups except the TD group, and terminates the PNC purchase group's rights and obligations. The filing does not disclose dollar amounts for the facility, so its size relative to shareholders' interests cannot be judged from this document.
- Omnibus Amendment and Consent effective October 29, 2024, amending the Receivables Purchase Agreement and the Purchase and Contribution Agreement
- Termination date extended to October 29, 2027 for all purchase groups except the TD Purchase Group
- PNC Purchase Group's rights and obligations terminated; Maximum Net Investment reallocated among remaining groups
- Royal Bank of Canada is administrative agent; full terms are in Exhibit 10.1