Berkshire Hathaway to price senior notes to fund refinancing of notes

By Devika Patel

Knoxville, Tenn., Aug. 7 – Berkshire Hathaway Finance Corp. plans to offer senior notes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be guaranteed by parent company Berkshire Hathaway Inc.

The notes feature a make-whole call and then a par call.

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

Proceeds will be used to refinance a portion of the company’s $600 million of floating rate senior notes due 2018 that matured and were repaid on Jan. 12, its $750 million of 1.45% senior notes due 2018 that matured and were repaid on March 7, its $1 billion of floating rates senior notes due 2018 that matured and were repaid on March 7, its $1.25 billion of 5.4% senior notes due 2018 that matured and were repaid on May 15, its $500 million of 1.3% senior notes due 2018 that matured and were repaid on May 15 and its $500 million of 2% senior notes due to mature on Aug. 15, 2018.

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

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