Berkshire Hathaway’s $2.5 Billion Debt Offering

Simpson Thacher represented BofA Securities, Inc. and J.P. Morgan Securities LLC in the offering.

The public offering consisted 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 Underwriters included Risë Norman (Picture), 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).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Frances Fuqua – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett; Charles Clark Warthen – Simpson Thacher & Bartlett; Dmitry Zelik – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; J.P. Morgan Securities LLC;

Author: Ambrogio Visconti