Berkshire To Sell $8B In Debt To Pay Off BNSF Buy

Law360, New York (February 4, 2010, 3:50 PM EST) -- Warren Buffett's Berkshire Hathaway Inc. reportedly is selling $8 billion of debt in a six-part sale to help pay off its purchase of Burlington Northern Santa Fe Corp.

The investment holding company, which announced the $34 billion BNSF purchase in November and expects the transaction to close Feb. 15, will offer one-, two- and three-year floating rate notes, as well as two-, three- and five-year fixed rate notes, Reuters reported on Thursday.

In addition to the weight of the debt offering, Berkshire shouldered an additional cost...
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