Berkshire-Hathaway Finance markets fixed- and floating-rate notes

By Cristal Cody

Eureka Springs, Ark., Aug. 8 – Berkshire-Hathaway Finance Corp. plans to price a two-part offering of fixed- and floating-rate notes, according to a 424B2 filing with the Securities and Exchange Commission on Monday.

The notes are unconditionally and irrevocably guaranteed by parent company Berkshire Hathaway Inc.

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

Proceeds will be used to repay at maturity the company’s $1 billion outstanding of 0.95% senior notes due 2016. Any remaining proceeds will be used for general corporate purposes.

Berkshire-Hathaway Finance is an Omaha-based financing arm of Berkshire-Hathaway.

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