Summary
Berkshire Hathaway Inc. (BRK-B) announced through its subsidiary, Berkshire Hathaway Finance Corporation (BHFC), the issuance of senior notes totaling €1.25 billion. This issuance includes €500 million in 1.500% Senior Notes due 2030 and €750 million in 2.000% Senior Notes due 2034. These notes are fully and unconditionally guaranteed by Berkshire Hathaway Inc., providing strong credit backing. The issuance occurred under a Form S-3 registration statement and was facilitated through an underwriting agreement with J.P. Morgan Securities plc and Merrill Lynch International. This debt issuance indicates Berkshire Hathaway's ongoing strategy to manage its capital structure and potentially fund future acquisitions or operations. The interest rates on these notes appear competitive, reflecting Berkshire's strong credit profile. Investors should note that the details of these notes and their terms are further elaborated in incorporated filings and exhibits, including the Indenture and specific Officers' Certificates.
Key Highlights
- 1BHFC issued €1.25 billion in senior notes on March 18, 2022.
- 2The issuance comprises €500 million of 1.500% Senior Notes due 2030 and €750 million of 2.000% Senior Notes due 2034.
- 3Berkshire Hathaway Inc. provides a full and unconditional guarantee for these notes.
- 4The notes were issued under a Form S-3 registration statement filed on January 28, 2022.
- 5J.P. Morgan Securities plc and Merrill Lynch International acted as underwriters.
- 6The issuance details are governed by an Indenture dated January 28, 2022, and specific Officers' Certificates.
- 7This transaction is part of Berkshire Hathaway's debt financing activities and capital management.