Berkshire Hathaway talks $1.15 billion two-part senior notes offer; pricing Thursday

By Aleesia Forni

Virginia Beach, Aug. 7 – Berkshire Hathaway Finance Corp. plans to bring to market a $1.15 billion offering of senior notes (A2/AA/) in two tranches, according to an informed source and two separate 424B2 filings with the Securities and Exchange Commission.

The company is planning a $400 million tranche of three-year floaters talked in the Libor plus 20 basis points area.

There is also a $750 million tranche of five-year notes talked at Treasuries plus 55 bps to 60 bps.

BofA Merrill Lynch, Goldman Sachs & Co. and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to repay the company’s $750 million of senior notes due Aug. 15, 2014. Any remaining proceeds will be used for general corporate purposes.

The notes will be guaranteed by Berkshire Hathaway Inc., the Omaha-based holding company for various subsidiaries.

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