Simpson Thacher Represents Underwriters in €1.25 Billion Euro-Denominated Bond Offering by Berkshire Hathaway
03.21.22
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Simpson Thacher represented J.P. Morgan Securities plc and Merrill Lynch International in the registered public offering of €1.25 billion aggregate principal amount of senior notes by Berkshire Hathaway Finance Corporation, guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of €500 million of 1.5% Senior Notes due 2030 and €750 million of 2% Senior Notes due 2034. The offering closed on March 18, 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 and Evan Kenyon (Capital Markets); Steve DeLott (Insurance); Jonathan Cantor (Tax); Melanie Jolson (IP); and Jennie Getsin (FINRA and Blue Sky).