Deals
Berkshire Sells $1.7 Billion of Bonds to Refinance Maturing Debt
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Warren Buffett’s Berkshire Hathaway Inc. issued $1.7 billion of bonds to refinance debt sold to help pay for its acquisition of Burlington Northern Santa Fe.
Berkshire, which bought the railroad for $26.5 billion in 2010, sold $1.1 billion of five-year notes and $600 million of 10-year debentures, according to data compiled by Bloomberg. Proceeds may be used to refinance $1.7 billion of bonds that come due next month, the company said today in a filing with the Securities and Exchange Commission.