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Berkshire Hathaway Finance sells $2 bln of notes-source
January 8, 2008 / 10:23 PM / 10 years ago

Berkshire Hathaway Finance sells $2 bln of notes-source

NEW YORK, Jan 8 (Reuters) - Berkshire Hathaway Finance, a unit of Berkshire Hathaway (BRKa.N), sold on Tuesday $2 billion of notes in two parts in the 144a private placement market, said a source familiar with the deal.

The sale consisted of $1.5 billion in three-year floating-rate notes with a coupon rate of 0.30 percentage point more than the three-month London interbank offered rate, or LIBOR.

The sale also included $500 million of five-year notes priced to yield 1.35 percentage points more than U.S. Treasuries.

The sole lead manager was Goldman Sachs, the source said. (Reporting by Pam Niimi)

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