Berkshire Hathaway plans notes sale to fund refinancing of floaters

By Devika Patel

Knoxville, Tenn., Jan. 3 – Berkshire Hathaway Finance Corp. intends 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. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to refinance the company's $950 million of floating-rate senior notes due Jan. 11, 2019, to repay intercompany debt and for general corporate purposes.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.