By Lisa Kerner
Charlotte, N.C., Aug. 9 – Berkshire Hathaway Finance Corp. and Berkshire Hathaway Inc. priced $2 billion of senior notes (expected: Aa2/AA) in four parts on Monday, according to FWPs filed with the Securities and Exchange Commission.
Berkshire Hathaway Finance sold $1 billion of 1.3% three-year notes at 99.903 to yield 1.333%, or Treasuries plus 48 bps.
Also, Berkshire Hathaway Finance priced $250 million of three-year floaters at par to yield Libor plus 26 bps.
Berkshire Hathaway Inc. issued $500 million of senior notes due 2018 at 99.988 to yield 1.156%, or Treasuries plus 43 bps.
The company also sold $250 million of two-year floaters at par to yield Libor plus 15 bps.
Goldman Sachs & Co., J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities LLC are the joint bookrunners.
Berkshire Hathaway is an Omaha-based holding company for subsidiaries.
| Issuers: | Berkshire Hathaway Finance Corp. and Berkshire Hathaway Inc.
|
| Amount: | $2 billion
|
| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities LLC, BofA Merrill Lynch, Wells Fargo Securities LLC
|
| Trade date: | Aug. 8
|
| Settlement date: | Aug. 15
|
| Expected ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Distribution: | SEC registered
|
|
|
| Three-year notes
|
| Issuer: | Berkshire Hathaway Finance Corp.
|
| Amount: | $1 billion
|
| Maturity: | Aug. 15, 2019
|
| Coupon: | 1.3%
|
| Price: | 99.903
|
| Yield: | 1.333%
|
| Spread: | Treasuries plus 48 bps
|
| Make-whole call: | Treasuries plus 10 bps
|
|
|
| Three-year floaters
|
| Issuer: | Berkshire Hathaway Finance Corp.
|
| Amount: | $250 million
|
| Maturity: | Aug. 15, 2019
|
| Coupon: | Libor plus 26 bps
|
| Price: | Par
|
| Yield: | Libor plus 26 bps
|
|
|
| Two-year notes
|
| Issuer: | Berkshire Hathaway Inc.
|
| Amount: | $500 million
|
| Maturity: | Aug. 15, 2018
|
| Coupon: | 1.15%
|
| Price: | 99.988
|
| Yield: | 1.156%
|
| Spread: | Treasuries plus 43 bps
|
| Make-whole call: | Treasuries plus 10 bps
|
|
|
| Two-year floaters
|
| Issuer: | Berkshire Hathaway Inc.
|
| Amount: | $250 million
|
| Maturity: | Aug. 6, 2018
|
| Coupon: | Libor plus 15 bps
|
| Price: | Par
|
| Yield: | Libor plus 15 bps
|
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