The Firm represented BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $750 million of 2.100% Senior Notes due 2019 of Berkshire Hathaway Inc. (“Berkshire”) and the public offering of $400 million of Floating Rate Senior Notes due August 2017 of Berkshire Hathaway Finance Corporation (“BHFC”), which will be guaranteed by Berkshire. The offerings closed on August 14, 2014.
Berkshire used the net proceeds from its offering to pay at maturity its existing Floating Rate Senior Notes due August 15, 2014. BHFC used the net proceeds from its offering to replace its 5.100% Senior Notes due 2014 that matured on July 15, 2014.
Berkshire and its subsidiaries engage in a number of diverse business activities including property and casualty insurance and reinsurance, freight rail transportation, utilities and energy, finance, manufacturing, services and retailing. Berkshire’s common stock is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.
The Simpson Thacher team for the transaction included Andy Keller, Teresa Chen, Scott Mathias and Jeongseok Yu (Capital Markets); Steve DeLott (Insurance); and Jennie Getsin (FINRA).
