OMAHA, Neb. January 6, 2010 (AP)
Billionaire Warren Buffett’s Berkshire Hathaway Inc. on Wednesday filed documents for a $1 billion debt offering with proceeds to retire existing debt due this year.
The company, in a regulatory filing, said it plans to offer $750 million in senior notes due 2040 and $250 million in floating rate senior notes due 2010.
The notes will be senior unsecured indebtedness of Berkshire Hathaway Finance Corp. and will rank equally with all its other existing and future senior unsecured indebtedness, the filing said.
The company said as of Sept. 30, Berkshire Hathaway Finance Corp. had no secured indebtedness and $12.1 billion of debt.
Berkshire Hathaway Inc. had $169 million of debt and its subsidiaries had $37.8 billion of debt.
Shares rose $6 to $99,716 per share.
Share Investor Links
Share Investor Blog – Stockmarket & Business commentary
Share Investor New Zealand Business News– Get more business news
Discuss this topic @ Share Investor Forum – Register free
Share Investor’s Daily Forex Updates
Recommended Amazon Reading
 |
How to Think Like Benjamin Graham and Invest Like Warren Buffett by Lawrence Cunningham Buy new: $14.93 / Used from: $7.84 Usually ships in 24 hours |
 |
What I Learned Before I Sold to Warren Buffett: An Entrepreneur’s Guide to Developing a Highly Successful Company by Barnett C. Helzberg Jr. Buy new: $23.36 / Used from: $0.75 Usually ships in 24 hours |
From Amazon – Apple iPod touch 32 GB (3rd Generation) NEWEST MODEL
