S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Banking, finance, and taxes

Berkshire Hathaway Files to Raise Capital

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

old cash register
Thinkstock
Berkshire Hathaway Inc. (NYSE: BRK-A) is about to raise some new debt financing. An SEC filing S-3ASR from Warren Buffett and friends was filed on behalf of the Berkshire Hathaway Finance Corporation unit to be sold as guarantee of Berkshire Hathaway Inc. of debt securities of Berkshire Hathaway Finance Corporation. The formal dollar amount was not shown but that will be out in the coming days. It is not that common for Berkshire Hathaway to be tapping the public bond market, but it is not all that uncommon either.

Berkshire Hathway’s S-3ASR filing said:

We will issue senior debt securities on a senior unsecured basis under an indenture, dated as of February 1, 2010, by and among Berkshire, Berkshire Hathaway Finance Corporation and The Bank of New York Mellon Trust Company, N.A.. BHFC may also issue debt securities under this indenture; however, the debt securities described herein are solely issued by Berkshire Hathaway Inc.

As far as the use of proceeds:

Except as any accompanying prospectus supplement may state, the net proceeds from the sale of securities will be used for general corporate purposes.

Berkshire Hathaway has a market cap of about $243 billion, according to Yahoo! Finance, and with shares at $146,720, the 52-week trading range is $116,850 to $147,312.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Douglas A. McIntyre |

Buffett & Berkshire Hathaway Retiring Debt, With Debt (BRK-A, BRK-B)

Warren Buffett is raising capital.  Berkshire Hathaway Inc. (NYSE: BRK-A) has just filed with the SEC to raise up to…
Why More Big Buyouts Could Harm Buffett and Berkshire Hathaway Credit Ratings
Jon C. Ogg |

Why More Big Buyouts Could Harm Buffett and Berkshire Hathaway Credit Ratings

When investors and the public think of Warren Buffett, chances are high that they think of his company or Mr.…
Jon C. Ogg |

IBM Ready To Raise More Capital, Maybe For Dividends and Buybacks… or Acquisitions

Jon OggInternational Business Machines Corporation (NYSE: IBM) has filed its automatic shelf registration statement with the Securities and Exchange Commission.…
Jon C. Ogg |

Tiffany Lands Warren Buffett Debt (TIF, BRK-A)

Tiffany & Co. (NYSE: TIF)  scored the big fish.  The luxury jewelry retailer issued notes to Warren Buffett’s via units…
Jon C. Ogg |

DryShips Back at the Money Trough (DRYS)

DryShips Inc. (NASDAQ: DRYS) is back at the trough for more capital.  The Greek shipping and marine transport company announced…
Jon C. Ogg |

Berkshire Hathaway Finds Cheaper Borrowing Costs in Europe

ThinkstockBerkshire Hathaway Inc. (NYSE: BRK-A) has made some interesting news this week. The conglomerate under Warren Buffett has successfully borrowed…
Jon C. Ogg |

S&P: Berkshire Hathaway Still No AAA-Rating (BRK-A)

Standard & Poor’s Ratings Services has downgraded many sovereign AAA ratings lately.  Many large stable corporations have also lost their…
Jon C. Ogg |

Why Gilead Faces Unenthusiastic Ratings Into Massive Debt Offering

Gilead Sciences is going to raise cash via a huge debt offering. Will this cash be used to fund a…
Occidental’s Debt Payment in Stock to Warren Buffett Is Quite Costly (and Slippery)
Jon C. Ogg |

Occidental’s Debt Payment in Stock to Warren Buffett Is Quite Costly (and Slippery)

Some mergers end up being great. Some mergers end up being atrocious. If there has been one awful acquisition that…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618