brown-forman corp-class b (BF/B) Key Developments
Brown-Forman Corporation(NYSE:BF.A) added to Russell 1000 Index
Jun 30 15
Brown-Forman Corporation has been added to Russell 1000 Index.
Brown-Forman Corporation(NYSE:BF.A) added to Russell 3000 Index
Jun 30 15
Brown-Forman Corporation will be added to the Russell 3000 Index.
Brown-Forman Corporation Announces Pricing of its $500 Million Offering of Senior Unsecured Notes
Jun 25 15
Brown-Forman Corporation announced the pricing of its $500 million offering of senior unsecured notes. These 4.5% 30 Year Senior Notes are due July 15, 2045. Brown-Forman intends to use the net proceeds from the offering for general corporate purposes. Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers.
Brown-Forman Seeks Acquisitions
Jun 25 15
Brown-Forman Corporation (NYSE:BF.B) plans to use the net proceeds from the sale of the debt securities for general corporate purposes. General corporate purposes may include retiring existing indebtedness including commercial paper, acquisitions, repurchases of its common stock, dividends, funding of its pension plan obligations, additions to working capital and capital expenditures.
Brown-Forman Corporation Plans to Establish Indiana Operations Creating Up to 50 New Jobs by 2017
Jun 11 15
Brown-Forman Corporation announced plans to establish its first Indiana operations, creating up to 50 new jobs by 2017. The company will invest $12 million to acquire and renovate an existing 15,000-square-foot mill at 725 S. State Road 231 in order to expand the company's distillery operations. The new facility will be used to convert logs into bourbon barrel stave and heading pieces, which will be assembled into barrels at another location.