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Published on 10/5/2020 in the Prospect News Investment Grade Daily.

Berkshire Hathaway to price fixed-rate senior notes in two parts

By Devika Patel

Knoxville, Tenn., Oct. 5 – Berkshire Hathaway Finance Corp. plans to offer fixed-rate senior notes in two parts, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be guaranteed by parent company Berkshire Hathaway Inc.

The notes feature a make-whole call and then a par call.

BofA Securities Inc. and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used to repay the company's $550 million of 2.9% notes due 2020 and for general corporate purposes.

Berkshire Hathaway Finance is an Omaha-based financing arm of Berkshire Hathaway.


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