Buffett Utility to Issue $5.6 Billion in Stock, Debt for NV Deal

MidAmerican Energy Holdings Co. plans to issue $5.6 billion in securities to investors led by its parent, Berkshire Hathaway Inc., to pay for the purchase of NV Energy Inc.

“MEHC expects to fund the acquisition by issuing $1.0 billion of MEHC common equity to its existing shareholders, $2.0 billion of MEHC senior debt and $2.6 billion of junior subordinated debentures to Berkshire Hathaway and its subsidiaries,” according to a regulatory filing today from the unit of Omaha, Nebraska-based Berkshire, which is led by Chairman Warren Buffett.

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