Summary by Futu AI
Berkshire Hathaway Inc. has announced the issuance of three tranches of senior notes under an indenture dated January 28, 2022. The offering includes % Senior Notes due on unspecified dates, with interest accruing from the original issuance expected to be in 2024. Interest will be payable semi-annually, with the first payment commencing in 2024. The notes will be unsecured and rank equally with Berkshire's other senior unsecured debt. The notes will be issued in minimum denominations of ¥100,000,000 and multiples of ¥10,000,000 thereafter. They will not be listed on any securities exchange, and currently, there is no public market for the notes. The offering is subject to completion, with a prospectus supplement dated April 9, 2024, to a prospectus dated January 28, 2022. The underwriters for the offering are BofA Securities and Mizuho, with the notes expected to be delivered through the book-entry delivery system of Euroclear and Clearstream on a date shortly after the prospectus supplement date. The proceeds from the offering are intended for general corporate purposes.