Tags: Berkshire Hathaway Plans 1.5 Billion Debt Offering

Berkshire Hathaway Plans $1.5 Billion Debt Offering

Monday, 03 January 2011 12:03 PM

Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. plans to sell $1.5 billion of senior debt to retire floating-rate notes maturing this month.

Berkshire Hathaway Finance Corp. may issue 3- and 10-year notes as soon as today, according to a person familiar with the transaction, who declined to be identified because terms aren’t set. The company disclosed the use of proceeds in a regulatory filing today that didn’t specify the sale’s size, timing or maturities.

Berkshire Hathaway Finance, a funding arm of Buffett’s company that was created in 2003, has $1.5 billion of floating-rate notes maturing on Jan. 11, according to data compiled by Bloomberg. The securities were originally issued in January 2008, according to a separate regulatory filing.

The new three-year notes may be fixed- or floating-rate and the 10-year securities will be fixed-rate, said the person familiar with the offering.

Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co. are managing the bond sale, according to today’s filing.

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Billionaire investor Warren Buffett s Berkshire Hathaway Inc. plans to sell $1.5 billion of senior debt to retire floating-rate notes maturing this month. Berkshire Hathaway Finance Corp. may issue 3- and 10-year notes as soon as today, according to a person familiar with...
Berkshire Hathaway Plans 1.5 Billion Debt Offering
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2011-03-03
Monday, 03 January 2011 12:03 PM
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