Simpson Thacher Represents Underwriters in $2.5 Billion Debt Offering by Berkshire Hathaway
10.15.20
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Simpson Thacher represented BofA Securities, Inc. and J.P. Morgan Securities LLC in the registered public offering of $750 million of 1.45% Senior Notes due 2030 and $1.75 billion of 2.85% Senior Notes due 2050 of Berkshire Hathaway Finance Corporation, guaranteed by Berkshire Hathaway Inc. (“Berkshire”). The offering closed on October 15, 2020.
Berkshire and its subsidiaries engage in diverse business activities including insurance and reinsurance, freight rail transportation, utilities and energy, finance, manufacturing, services and retailing. Berkshire’s common stock is listed on the NYSE under trading symbols BRK.A and BRK.B.
The Simpson Thacher team for the transaction included Risë Norman, Clark Warthen and Frances Fuqua (Capital Markets); Steve DeLott (Insurance); Jonathan Cantor and Dmitry Zelik (Tax); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).