Simpson Thacher represented Merrill Lynch International and Mizuho Securities USA LLC, in the registered public offering of ¥263.3 billion aggregate principal amount of debt securities by Berkshire Hathaway Inc. (“Berkshire”), consisting of ¥169.0 billion of 0.974% Senior Notes due 2027, ¥22.0 billion of 1.143% Senior Notes due 2029, ¥5.2 billion of 1.287% Senior Notes due 2030, ¥35.3 billion of 1.457% Senior Notes due 2031, ¥9.5 billion of 1.680% Senior Notes due 2034, ¥7.0 billion of 2.278% Senior Notes due 2044 and ¥15.3 billion of 2.498% Senior Notes due 2054. The offering closed on April 25, 2024.
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, Albert Murzakhanov and Nate Yang (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Shareef Salfity (Tax); Bobbie Burrows (IP); Emily Holland (ESG); and Jennie Getsin (FINRA and Blue Sky).