Simpson Thacher represented Merrill Lynch International and Mizuho Securities USA LLC, in the registered public offering of ¥122 billion aggregate principal amount of debt securities by Berkshire Hathaway Inc. (“Berkshire”), consisting of ¥73.4 billion of 0.955% Senior Notes due 2026, ¥17.1 billion of 1.194% Senior Notes due 2028, ¥12.3 billion of 1.685% Senior Notes due 2033, ¥4 billion of 2.240% Senior Notes due 2043 and ¥15.2 billion of 2.502% Senior Notes due 2058. The offering closed on November 29, 2023.
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, John Balletta and Nate Yang (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Shareef Salfity (Tax); Melanie Jolson (IP); and Jennie Getsin (FINRA and Blue Sky).