Brown-Forman plans to price fixed-rate notes via six bookrunners

By Marisa Wong

Los Angeles, March 21 – Brown-Forman Corp. is offering fixed-rate notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call, followed by a par call option.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc. are the lead bookrunners. Barclays and Scotia Capital (USA) Inc. are also joint bookrunners.

U.S. Bank Trust Co. NA is the trustee.

McGuireWoods LLP will act as counsel for the issuer. Cravath, Swaine & Moore LLP is counsel for the underwriters.

Proceeds will be used to repay debt under the company’s term loan, with the remainder to be used for general corporate purposes.

Brown-Forman is a Louisville, Ky.-based producer of alcoholic beverages.

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