Obligation Berkshire Hathaway Inc. 4.85% ( US084664AT81 ) en USD

Berkshire Hathaway Inc.

100 % ⇌

Etas-Unis

US084664AT81 ( en USD )

4.85% par an ( paiement semestriel )

15/01/2015 - Obligation échue

Prospectus brochure de l'obligation Berkshire Hathaway US084664AT81 en USD 4.85%, échue

1 000 USD

999 850 000 USD

084664AT8

NR

NR

Berkshire Hathaway est une société holding américaine dirigée par Warren Buffett, connue pour ses investissements à long terme dans des entreprises diversifiées et son approche de la valeur.

L'Obligation émise par Berkshire Hathaway Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084664AT81, paye un coupon de 4.85% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/01/2015

L'Obligation émise par Berkshire Hathaway Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084664AT81, a été notée NR par l'agence de notation Moody's.

L'Obligation émise par Berkshire Hathaway Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084664AT81, a été notée NR par l'agence de notation Standard & Poor's ( S&P ).

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S-4/A 1 v07495a1sv4za.htm BERKSHIRE HATHAWAY, INC. - REG. NO. 333-123935
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Table of Contents
As filed with the Securities and Exchange Commission on May 13, 2005
Registration No. 333-123935
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
FORM S-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Berkshire Hathaway Finance Corporation
(Exact name of Registrants as Specified in their Charter)

Delaware

45-0524698
(State or Other Jurisdiction of
(I.R.S. Employer

Incorporation or Organization)
Identification Number)
Berkshire Hathaway Inc.
(Exact name of Registrants as Specified in their Charter)

Delaware

47-0813844
(State or Other Jurisdiction of
(I.R.S. Employer

Incorporation or Organization)
Identification Number)
1440 Kiewit Plaza
Omaha, Nebraska 68131
(402) 346-1400
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrants' Principal Executive Offices)
Marc D. Hamburg
Berkshire Hathaway Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
(402) 346-1400
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
Copies To:
Mary Ann Todd
Munger, Tolles & Olson LLP
355 South Grand Avenue
Los Angeles, California 90071-1560
(213) 683-9100
Approximate date of commencement of proposed exchange offer: As soon as practicable after the effective date of this registration
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statement.
If the securities being registered on this form are being offered in connection with the formation of a holding company and there is compliance
with General Instruction G, check the following box. o
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration statement for the same offering. o
The registrants hereby amend this registration statement on such date or dates as may be necessary to delay its effective date until the
registrants shall file a further amendment which specifically states that this registration statement shall thereafter become effective in
accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the
Commission, acting pursuant to said Section 8(a), may determine.
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EXPLANATORY NOTE
Inclusion of Three Prospectuses
This Registration Statement contains three prospectuses. The first prospectus is to be used in connection with the
exchange offer relating to Berkshire Hathaway Finance Corporation's 4.125% Senior Notes Due 2010, which are
fully and unconditionally guaranteed by Berkshire Hathaway Inc. The second prospectus is to be used in connection
with the exchange offer relating to Berkshire Hathaway Finance Corporation's 4.85% Senior Notes Due 2015, which
are fully and unconditionally guaranteed by Berkshire Hathaway Inc. The third prospectus is to be used in connection
with the exchange offer relating to Berkshire Hathaway Finance Corporation's Floating Rate Senior Notes due 2008,
which are fully and unconditionally guaranteed by Berkshire Hathaway Inc.
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Table of Contents
The information in this prospectus is not complete and may be changed. These securities may not be sold until
the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not
an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer
or sale is not permitted.
PROSPECTUS
BERKSHIRE HATHAWAY FINANCE CORPORATION
OFFER TO EXCHANGE
$1,500,000,000 principal amount of 4.125% Senior Notes Due 2010 of Berkshire Hathaway
Finance Corporation, unconditionally guaranteed by Berkshire Hathaway Inc., which have
been registered under the Securities Act of 1933, for any and all 4.125% Senior Notes Due
2010 of Berkshire Hathaway Finance Corporation, unconditionally guaranteed by
Berkshire Hathaway Inc.
We are offering to exchange Berkshire Hathaway Finance Corporation's 4.125% Senior Notes Due 2010 which
have been registered under the Securities Act of 1933, or the "exchange notes," for Berkshire Hathaway Finance
Corporation's currently outstanding 4.125% Senior Notes Due 2010, or the "outstanding notes." The exchange notes
and the outstanding notes are both unconditionally guaranteed by Berkshire Hathaway Inc. The exchange notes are
substantially identical to the outstanding notes, except that the exchange notes have been registered under the federal
securities laws and will not bear any legend restricting their transfer. The exchange notes will represent the same debt
as the outstanding notes, and will be issued under the same indenture.
We will exchange an equal principal amount of exchange notes for all outstanding notes that you validly tender
and do not validly withdraw before the exchange offer expires. The exchange offer expires at 5:00 p.m., New York
City time, on , 2005, unless extended. We do not currently intend to extend the exchange offer.
You may withdraw tenders of outstanding notes at any time prior to the expiration of the exchange offer.
The exchange of outstanding notes for exchange notes will not be a taxable event for United States federal
income tax purposes.
Neither Berkshire Hathaway Finance Corporation nor Berkshire Hathaway Inc. will receive any proceeds from
the exchange offer.
We do not intend to apply for listing of the exchange notes on any securities exchange or automated quotation
system.
The material risks involved in investing in the exchange notes are described in the
"Risk Factors" section starting on page 10 of this prospectus.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
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COMMISSION HAS APPROVED OR DISAPPROVED OF THE EXCHANGE NOTES OR PASSED UPON
THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
The date of this prospectus is , 2005
TABLE OF CONTENTS

About This Prospectus

i
Where You Can Find More Information

ii
Forward Looking Statements

iii
Prospectus Summary

1
Selected Consolidated Financial Data

8
Risk Factors

10
Ratio of Earnings to Fixed Charges

11
Use of Proceeds

11
The Exchange Offer

12
Description of the Exchange Notes

21
Plan of Distribution

28
Material United States Federal Income Tax Consequences

29
Legal Matters

30
Experts

30
Exhibit 12
Exhibit 23.1
ABOUT THIS PROSPECTUS
In this prospectus, the term "BHFC" refers to Berkshire Hathaway Finance Corporation, the issuer of the
outstanding notes and the exchange notes. The term "Berkshire Hathaway" refers to Berkshire Hathaway Inc., the
guarantor of the outstanding notes and the exchange notes. "Outstanding notes" refers to the $1,500,000,000
aggregate principal amount of BHFC's 4.125% Senior Notes Due 2010 originally issued and guaranteed by
Berkshire Hathaway on January 11, 2005. "Exchange notes" refers to BHFC's 4.125% Senior Notes Due 2010,
unconditionally guaranteed by Berkshire Hathaway, offered pursuant to this prospectus. The outstanding notes and
the exchange notes are sometimes referred to collectively as the "notes."
Each broker-dealer that receives exchange notes for its own account pursuant to the exchange offer must
acknowledge that it will deliver a prospectus in connection with any resale of such exchange notes. The letter of
transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to
admit that it is an "underwriter" within the meaning of the Securities Act of 1933. This prospectus, as it may be
amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of exchange
notes received in exchange for outstanding notes where such outstanding notes were acquired by such broker-dealer
as a result of market-making activities or other trading activities. BHFC and Berkshire Hathaway have agreed that,
starting on the expiration date of the exchange offer and ending one hundred and eighty days after such date, this
prospectus will be made available to any broker-dealer for use in connection with any such resale. See "Plan of
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Distribution."
Any statements in this prospectus concerning the provisions of any document are not complete. Such references
are made to the copy of that document filed or incorporated or deemed to be incorporated by reference as an exhibit
to the registration statement of which this prospectus is a part or otherwise filed with the SEC. Each statement
concerning the provisions of any document is qualified in its entirety by reference to the document so filed.
You should rely only on the information contained or incorporated by reference in this prospectus. No one has
been authorized to give any information or to make any representations, other than those contained or incorporated
by reference in this prospectus, in connection with any offer made by this prospectus. If anyone provides you with
different or inconsistent information, you should not rely on it.
Neither the delivery of this prospectus nor any sale or exchange made hereunder or thereunder shall, under any
circumstances, create an implication that the information contained or incorporated by reference in this prospectus is
correct as of any time subsequent to its date. You should assume that the information
i
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Table of Contents
appearing in this prospectus is accurate only as of the date on the front cover of this prospectus. The business,
financial condition, results of operations and prospects of Berkshire Hathaway and BHFC may have changed since
that date.
WHERE YOU CAN FIND MORE INFORMATION
This prospectus is part of a registration statement on Form S-4 that BHFC and Berkshire Hathaway filed with the
Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, and the rules and
regulations thereunder, which is referred to collectively as the Securities Act. The registration statement covers the
exchange notes being offered and Berkshire Hathaway's guarantee of the exchange notes and encompasses all
amendments, exhibits, annexes, and schedules to the registration statement. This prospectus does not contain all the
information in the exchange offer registration statement. For further information about BHFC, Berkshire Hathaway
and the exchange offer, reference is made to the registration statement. Statements made in this prospectus as to the
contents of any contract, agreement, or other document referred to are not necessarily complete. For a more complete
understanding and description of each contract, agreement, or other document filed as an exhibit to the registration
statement, you should read the documents contained in the exhibits.
BHFC is not subject to the informational requirements of the Securities Exchange Act of 1934, as amended,
pursuant to Rule 12h-5 thereunder. Berkshire Hathaway is, however, subject to the informational requirements of the
Securities Exchange Act of 1934, as amended. Accordingly, Berkshire Hathaway files reports, proxy statements and
other information with the SEC. You may read and copy any document Berkshire Hathaway files at the SEC's public
reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. Please call the SEC at 1-888-SEC-0330 for
further information about the public reference room. These SEC filings are also available to the public from the
SEC's website at www.sec.gov. In addition, Berkshire Hathaway's class A common stock and class B common stock
are listed on the New York Stock Exchange, and its reports, proxy statements and other information can be inspected
at the offices of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
In this document BHFC and Berkshire Hathaway "incorporate by reference" the information that Berkshire
Hathaway files with the SEC, which means that they can disclose important information to you by referring to that
information. The information incorporated by reference is considered to be a part of this prospectus, and later
information filed with the SEC will update and supersede this information. BHFC and Berkshire Hathaway
incorporate by reference the documents listed below and any future filings made by either of them with the SEC
under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus:

· Berkshire Hathaway's Annual Report on Form 10-K for the year ended December 31, 2004,

· Berkshire Hathaway's Quarterly Report on Form 10-Q for the quarter ended March 31, 2005, and

· Berkshire Hathaway's Current Reports on Form 8-K filed with the SEC on January 7, 2005, January 13, 2005,
March 1, 2005 and May 13, 2005.
Berkshire Hathaway will provide to each person to whom a copy of this prospectus is delivered, upon request and
at no cost to such person, a copy of any or all of the information that has been incorporated by reference in this
prospectus but not delivered with this prospectus. You may request a copy of such information by writing or
telephoning Berkshire Hathaway at:
Berkshire Hathaway Inc.
1440 Kiewit Plaza
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Omaha, Nebraska 68131
Attn: Jo Ellen Rieck
Tel: (402) 346-1400
ii
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Table of Contents
FORWARD-LOOKING STATEMENTS
Certain statements contained, or incorporated by reference, in this prospectus are "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include
statements that are predictive in nature, that depend upon or refer to future events or conditions, that include words
such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any
statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future actions by BHFC or Berkshire Hathaway, which may be
provided by management are also forward-looking statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are based on current expectations and projections about future events and
are subject to risks, uncertainties, and assumptions about BHFC and Berkshire Hathaway, economic and market
factors and the industries in which they do business, among other things. These statements are not guarantees of
future performance and neither BHFC nor Berkshire Hathaway has any specific intention to update these statements.
Actual events and results may differ materially from those expressed or forecasted in forward-looking statements
due to a number of factors. The principal important risk factors that could cause Berkshire Hathaway's actual
performance and future events and actions to differ materially from such forward-looking statements, include, but are
not limited to, changes in market prices of Berkshire Hathaway's investments in fixed maturity and equity securities,
the occurrence of one or more catastrophic events, such as an earthquake, hurricane, or act of terrorism that causes
losses insured by Berkshire Hathaway's insurance subsidiaries, changes in insurance laws or regulations, changes in
federal income tax laws, and changes in general economic and market factors that affect the prices of securities or the
industries in which Berkshire Hathaway and its affiliates do business, especially those affecting the property and
casualty insurance industry.
iii
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