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Brown-Forman Corp (BFa.N)

BFa.N on New York Stock Exchange

48.23USD
9 Dec 2016
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Thu, Nov 17 2016

BRIEF-Brown-Forman increases cash dividend by 7.4 pct

* Sets FY cash dividend of $0.73 per share Source text for Eikon: Further company coverage:

BRIEF-Brown-Forman stockholders approve increase in Class A shares to implement stock split

* Forman stockholders approve increase in Class A shares to implement stock split

BRIEF-Brown-Forman to set up distribution organization in Spain

* Will establish its own distribution organization in Spain, effective July 1, 2017

BRIEF-Brown-Forman priced offering of EUR 300 mln aggregate principal amount of 1.200% notes due 2026

* Forman - on june 30, also priced offering of £300 million aggregate principal amount of 2.600% notes due 2028

Fitch Rates Brown-Forman's Multi-Tranche Issuance 'A'; Outlook Negative

(The following statement was released by the rating agency) CHICAGO, June 30 (Fitch) Fitch Ratings has assigned an 'A' rating to Brown-Forman Corporation's (Brown-Forman) multi-tranche offering including EUR300 million 10-year senior notes and GBP300 million 12-year senior notes. The Rating Outlook is Negative. Brown-Forman intends to use the net proceeds of the multi-tranche offering for general corporate purposes and to repay commercial paper indebtedness, a portion of which was incurred

BRIEF-Brown-Forman CEO's FY 2016 total compensation was $9.6 mln vs $11.02 mln in 2015 - SEC Filing

* Forman Corp CEO Paul Varga's FY 2016 total compensation $9.6 million versus $11.02 million in FY 2015 - SEC Filing Source text for Eikon: (http://1.usa.gov/296JdJm) Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

BRIEF-Brown-Forman CEO's 2016 total compensation was $9.6 mln

* CEO Paul Varga's FY 2016 total compensation was $9.6 million versus $11 million in FY 2015 - SEC filing

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