Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Berkshire to Get 9% on Burger King Preferred Stake

Berkshire Hathaway Inc. will earn 9 percent on a $3 billion preferred equity stake that Warren Buffett’s firm will take to finance Burger King Worldwide Inc.’s takeover of Tim Hortons Inc.

A term loan tied to the deal will probably pay the London interbank offered rate plus at least 300 basis points, Burger King Chief Executive Officer Daniel Schwartz said today on a conference call with analysts. Bonds linked to the transaction will pay “maybe a little bit, right around that range, a little bit higher,” Schwartz said.

A basis point is 0.01 percentage point.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.