Simpson Thacher represented Merrill Lynch International and Mizuho Securities USA LLC, in the registered public offering of ¥115 billion aggregate principal amount of debt securities by Berkshire Hathaway Inc. (“Berkshire”), consisting of ¥55 billion of 0.783% Senior Notes due 2025, ¥41.5 billion of 1.029% Senior Notes due 2027, ¥1 billion of 1.180% Senior Notes due 2029, ¥4 billion of 1.452% Senior Notes due 2032, ¥5.1 billion of 2.003% Senior Notes due 2042 and ¥8.4 billion of 2.368% Senior Notes due 2052. The offering closed on December 8, 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 Patrick Meson (Capital Markets); Steven DeLott (Insurance); Mark Skerry and Christine Tillema (Regulatory); Jonathan Cantor (Tax); Melanie Jolson (IP); and Jennie Getsin (FINRA and Blue Sky).