Simpson Thacher represented J.P. Morgan Securities plc, Merrill Lynch International and Mizuho Securities USA LLC, in the registered public offering of ¥128.5 billion aggregate principal amount of debt securities by Berkshire Hathaway Inc. (“Berkshire”), consisting of ¥23 billion of 0.203% Senior Notes due 2027, ¥25 billion of 0.32% Senior Notes due 2029, ¥44.4 billion of 0.472% Senior Notes due 2032, ¥12.5 billion of 0.7% Senior Notes due 2037, ¥7 billion of 0.917% Senior Notes due 2042 and ¥16.6 billion of 1.129% Senior Notes due 2052. The offering closed on January 25, 2022.
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, Evan Kenyon and Nicole Fu (Capital Markets); Steve DeLott (Insurance); Jonathan Cantor and Dmitry Zelik (Tax); Melanie Jolson (IP); and Jennie Getsin (FINRA and Blue Sky).