Berkshire Hathaway to repay $10 billion bank loan via new notes issue

By Susanna Moon

Chicago, March 8 – Berkshire Hathaway Inc. plans to repay a $10 billion bank loan used to help finance its acquisition of Precision Castparts Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Funding for the paydown will come from the issue of senior notes in two tranches.

Proceeds of the offering also will be used to refinance the company’s $300 million principal amount of 2.2% senior notes that matured and were repaid on Feb. 11.

Berkshire Hathaway is an Omaha-based holding company for various subsidiaries.

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