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Berkshire Hathaway-B | 424B5: Prospectus

SEC announcement ·  Apr 9 18:09
Summary by Futu AI
Berkshire Hathaway Inc. (Berkshire), under its ticker BRK.B.US, has filed a preliminary prospectus supplement with the Securities and Exchange Commission (SEC) for the issuance of three tranches of senior notes. The filing, made pursuant to Rule 424(b)(5) under the Registration Statement No. 333-262384, indicates that the offering includes % Senior Notes due on unspecified dates. The notes, which are senior unsecured debt obligations of Berkshire, will accrue interest from the date of issuance and are expected to be payable semi-annually. The interest rates, maturity dates, and other specific terms of the notes are yet to be determined and will be payable in Japanese Yen (¥). The notes will not be listed on any securities exchange, and currently, there is no...Show More
Berkshire Hathaway Inc. (Berkshire), under its ticker BRK.B.US, has filed a preliminary prospectus supplement with the Securities and Exchange Commission (SEC) for the issuance of three tranches of senior notes. The filing, made pursuant to Rule 424(b)(5) under the Registration Statement No. 333-262384, indicates that the offering includes % Senior Notes due on unspecified dates. The notes, which are senior unsecured debt obligations of Berkshire, will accrue interest from the date of issuance and are expected to be payable semi-annually. The interest rates, maturity dates, and other specific terms of the notes are yet to be determined and will be payable in Japanese Yen (¥). The notes will not be listed on any securities exchange, and currently, there is no public market for them. The offering is subject to market conditions, and the notes will be issued in minimum denominations of ¥100,000,000 and multiples of ¥10,000,000 thereafter. The prospectus supplement is dated April 9, 2024, and the notes are expected to be delivered through the book-entry delivery system of Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme, on a date shortly after the issuance. Joint Book-Running Managers for the offering are BofA Securities and Mizuho. The proceeds from the offering are intended for general corporate purposes.

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