01—Abstract
Summary
Summary of the 8-K filed November 21, 2025. Cited figures are marked; the original filing is the authoritative source.
Berkshire Hathaway Inc. (BRK-B) has filed an 8-K report detailing a significant debt issuance.
On November 19, 2025, the company issued an aggregate principal amount of ¥123,700,000,000 of its 1.510%a Senior Notes due 2028, ¥53,300,000,000 of its 1.826% Senior Notes due 2030, ¥26,100,000,000 of its 2.422% Senior Notes due 2035, and ¥7,000,000,000 of its 2.810% Senior Notes due 2040. These notes were issued under a previously filed registration statement and an underwriting agreement with Mizuho Securities USA LLC and Merrill Lynch International. This issuance of senior notes in Japanese Yen indicates Berkshire Hathaway's strategy to access diverse funding sources and potentially hedge against currency fluctuations or to finance operations or acquisitions denominated in Yen.
The varying interest rates and maturity dates suggest a deliberate approach to managing its debt obligations and capital structure. Investors should note that this issuance increases the company's outstanding debt, although the specific use of proceeds is not detailed in this filing.
02—Key points
Key Highlights
- Berkshire Hathaway Inc. issued a total of ¥210.1 billion in senior notes across four tranches.
- The notes issued have varying maturity dates, ranging from 2028 to 2040.
- Interest rates on the issued notes range from 1.510% to 2.810%.
- The debt issuance was conducted under a Form S-3 registration statement filed earlier in the year.
- Underwriting services were provided by Mizuho Securities USA LLC and Merrill Lynch International.
- The notes are governed by an Indenture dated January 31, 2025, and specific officers' certificates for each note series.
- This filing primarily relates to the debt issuance event and does not disclose financial performance.
03—Questions
Frequently Asked Questions
What is the total principal amount of debt issued by Berkshire Hathaway in this filing?
Berkshire Hathaway issued an aggregate principal amount of ¥210,100,000,000 (¥123.7 billion + ¥53.3 billion + ¥26.1 billion + ¥7 billion) in senior notes.
What are the different series of notes issued and their respective interest rates and maturities?
The company issued: (i) ¥123.7 billion of 1.510% Senior Notes due 2028, (ii) ¥53.3 billion of 1.826% Senior Notes due 2030, (iii) ¥26.1 billion of 2.422% Senior Notes due 2035, and (iv) ¥7 billion of 2.810% Senior Notes due 2040.
What is the purpose of issuing these notes in Japanese Yen?
While the specific use of proceeds is not detailed in this 8-K filing, issuing debt in Japanese Yen could be part of Berkshire Hathaway's strategy to access diverse funding markets, hedge against currency risks, or finance operations and investments denominated in Yen.
Where can I find more detailed information about these notes?
More detailed information about the terms of the Notes and the Indenture can be found in the 'Description of the Notes' section of the prospectus supplement filed on November 18, 2025, and the 'Description of the Debt Securities' in the base prospectus dated January 31, 2025, both incorporated by reference in this filing. The full Indenture and Officers' Certificates are also available as exhibits.
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