The Firm represented Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $750 million of debt securities of Berkshire Hathaway Finance Corporation (“BHFC”), which will be fully and unconditionally guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of $325,000,000 of 1.600% Senior Notes due 2017, $200,000,000 of 3.000% Senior Notes due 2022 and $225,000,000 of 4.400% Senior Notes due 2042.
BHFC used the net proceeds from the offering to redeem BHFC’s existing $750 million aggregate principal amount of 5.125% Senior Notes due September 15, 2012.
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, Daniel Bae, Allison Wilson and Tony Rim (Capital Markets), Steve DeLott (Insurance), Jonathan Cantor and Adam Wells (Tax) and Andrew Pagliughi (FINRA).
