Obbligazione Berkshire Hathaway Holdings Inc. 3.75% ( US084670BC16 ) in USD

Berkshire Hathaway Holdings Inc.

100 USD ▼

Stati Uniti

US084670BC16 ( in USD )

3.75% per anno ( pagato 2 volte l'anno)

14/08/2021 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Berkshire Hathaway Inc US084670BC16 in USD 3.75%, scaduta

2 000 USD

500 000 000 USD

084670BC1

AA ( High grade - Investment-grade )

Aa2 ( High grade - Investment-grade )

Berkshire Hathaway Inc. è una holding statunitense con interessi diversificati in settori quali assicurazioni, energia, ferroviario, manifatturiero e retail, nota per la sua gestione a lungo termine e per l'investimento in società blue-chip guidato da Warren Buffett.

The Obbligazione issued by Berkshire Hathaway Holdings Inc. ( United States ) , in USD, with the ISIN code US084670BC16, pays a coupon of 3.75% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 14/08/2021

The Obbligazione issued by Berkshire Hathaway Holdings Inc. ( United States ) , in USD, with the ISIN code US084670BC16, was rated Aa2 ( High grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by Berkshire Hathaway Holdings Inc. ( United States ) , in USD, with the ISIN code US084670BC16, was rated AA ( High grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement
http://www.sec.gov/Archives/edgar/data/1067983/000119312511219757...
424B2 1 d424b2.htm PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-164611

Calculation of Registration Fee

Amount of
Amount to be
registration
Title of each class of securities to be registered

registered

fee(1)

2.20% Senior Notes due 2016

$750,000,000
$ 87,075.00
3.75% Senior Notes due 2021

$500,000,000
$ 58,050.00
Floating Rate Senior Notes due 2014

$750,000,000
$ 87,075.00
TOTAL

$232,200.00

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended.
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Prospectus Supplement to Prospectus dated February 1, 2010
$2,000,000,000
$750,000,000 2.20% Senior Notes due 2016
$500,000,000 3.75% Senior Notes due 2021
$750,000,000 Floating Rate Senior Notes due 2014
We are offering (i) $750,000,000 of our 2.20% Senior Notes due 2016, $500,000,000 of our 3.75% Senior Notes
due 2021 and (i i) $750,000,000 of our Floating Rate Senior Notes due 2014 (collectively, the "notes").
Interest on the notes wil accrue from the date of original issuance, expected to be August 15, 2011. Interest on the
fixed rate notes wil be payable on February 15 and August 15 of each year, commencing on February 15, 2012. Interest
on the floating rate notes wil be payable on February 15, May 15, August 15 and November 15 of each year,
commencing on November 15, 2011. The 2.20% Senior Notes due 2016 wil mature on August 15, 2016, the 3.75%
Senior Notes due 2021 wil mature on August 15, 2021 and the Floating Rate Senior Notes due 2014 wil mature on
August 15, 2014.
We wil not have the right to redeem the notes.
The notes wil be senior unsecured indebtedness of Berkshire Hathaway Inc. and wil rank equal y with al of its
other existing and future senior unsecured indebtedness.
The notes wil not be listed on any securities exchange. Currently, there is no public market for the notes.
The risks involved in investing in our debt securities are described in the "Risk Factors" section on page S-5 of
this prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of the notes or passed upon the adequacy or accuracy of this prospectus. Any representation to
the contrary is a criminal offense.

Per 2.20%
Per 3.75%
Per Floating Rate
Senior Note
Senior Note
Senior Note

due 2016
due 2021
due 2014

Total

Initial public offering price(1)

99.831%
99.992%
100.000%

$1,998,692,500
Underwriting discount

0.325%
0.425%
0.200%

$
6,062,500
Proceeds, before expenses, to
Berkshire Hathaway Inc.

99.506%
99.567%
99.800%

$1,992,630,000

(1)Plus accrued interest from August 15, 2011, if delivery of the notes occurs after such date.

Goldman, Sachs & Co. expects to deliver the notes to purchasers through the book-entry delivery system of The
Depository Trust Company and its participants, including Euroclear Bank S.A./N.V. and Clearstream Banking, société
anonyme, on or about August 15, 2011.

Prospectus Supplement dated August 10, 2011
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TABLE OF CONTENTS
Prospectus Supplement

Page
Forward-Looking Information

S-i

About this Prospectus Supplement

S-i

Summary

S-1

Risk Factors

S-5

Use of Proceeds

S-7

Description of the Notes

S-8

Material United States Federal Income and Estate Tax Considerations

S-15
Underwriting

S-19
Legal Matters

S-22
Experts

S-22
Prospectus

Page
Forward-Looking Information

i

About This Prospectus

1

Where You Can Find More Information

1

Incorporation By Reference

2

Risk Factors

4

Ratio of Earnings to Fixed Charges

5

Use of Proceeds

5

Description of the Debt Securities

6

Plan of Distribution

10

Legal Matters

11

Experts

11

You should read this prospectus supplement, the accompanying prospectus and any related free writing
prospectus we file with the Securities and Exchange Commission (the "SEC") carefully before you invest in the
notes. This document contains or incorporates by reference important information you should consider before
making your investment decision. You should rely only on the information contained or incorporated by
reference in this prospectus supplement, the accompanying prospectus and any such free writing prospectus.
We have not, and Goldman, Sachs & Co. has not, authorized anyone else to provide you with any different or
additional information. You should not assume that the information contained in this prospectus supplement,
the accompanying prospectus (as updated by this prospectus supplement) or any such free writing prospectus
is accurate as of any date other than their respective dates, or that the information we previously filed with the
SEC and incorporated by reference in this prospectus supplement or the accompanying prospectus is accurate
as of any date other than the date of the document incorporated by reference. Our business, financial
condition, results of operations and prospects may have changed since those dates.
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FORWARD-LOOKING INFORMATION
Certain statements contained, or incorporated by reference, in this prospectus supplement 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 us, 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 us, economic and market factors and the industries in which they do business, among other
things. These statements are not guarantees of future performance and we have no specific intention to update these
statements.
Actual events and results may differ material y from those expressed or forecasted in forward-looking statements
due to a number of factors. The principal important risk factors that could cause our actual performance and future
events and actions to differ material y from such forward-looking statements, include, but are not limited to, continuing
volatility in the capital or credit markets and other changes in the securities and capital markets, changes in market
prices of our investments in fixed maturity and equity securities, losses realized from derivative contracts, the occurrence
of one or more catastrophic events, such as an earthquake, hurricane, or act of terrorism that causes losses insured by
our insurance subsidiaries, changes in 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 we and our affiliates do
business.
Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to
reflect events or developments after the date of this prospectus supplement.
ABOUT THIS PROSPECTUS SUPPLEMENT
This document is in two parts. The first part is this prospectus supplement, which describes the terms of the
offering of the notes and also adds to and updates information contained in the accompanying prospectus and the
documents incorporated by reference into this prospectus supplement and the accompanying prospectus. The second
part is the accompanying prospectus, which provides more general information. To the extent there is a conflict between
the information contained in this prospectus supplement, on the one hand, and the information contained in the
accompanying prospectus or any document incorporated herein and therein by reference, on the other hand, you should
rely on the information contained in this prospectus supplement.
The information in this prospectus supplement is not complete and may be changed. You should rely only on the
information provided in or incorporated by reference in this prospectus supplement, the accompanying prospectus, or
documents to which we otherwise refer you. We are not making an offer of these securities in any jurisdiction where the
offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement and the
accompanying prospectus, as wel as information we have filed or wil file with the SEC and incorporated by reference in
this prospectus supplement and accompanying prospectus, is accurate only as of the date of the applicable document or
other date referred to in that document. Our business, financial condition, and results of operations may have changed
since that date.
In this prospectus supplement, unless otherwise specified or the context otherwise implies, references to "dollars"
and "$" are to U.S. dol ars. Unless we indicate otherwise or unless the context

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requires otherwise, all references in this prospectus supplement to "Berkshire," "we," "us," "our," or similar references
are to Berkshire Hathaway Inc. excluding its consolidated subsidiaries.
This prospectus supplement is based on information provided by us and by other sources that we believe are
reliable. We cannot assure you that this information is accurate or complete. This prospectus supplement summarizes
certain documents and other information and we refer you to them for a more complete understanding of what we
discuss in this prospectus supplement.

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SUMMARY
The following summary is qualified in its entirety by the more detailed information included elsewhere in or
incorporated by reference into this prospectus supplement or the accompanying prospectus. Because this is a
summary, it does not contain all the information that may be important to you. You should carefully read the entire
prospectus supplement and the accompanying prospectus, together with documents incorporated by reference, in
their entirety before making an investment decision.
About Berkshire Hathaway Inc.
We are incorporated in Delaware and are a holding company owning subsidiaries that engage in a number of
diverse business activities including property and casualty insurance and reinsurance, freight rail transportation,
utilities and energy, finance, manufacturing, services and retailing. Included in the group of subsidiaries that
underwrite property and casualty insurance and reinsurance is GEICO, the third largest private passenger auto
insurer in the United States and two of the largest reinsurers in the world, General Re and the Berkshire Hathaway
Reinsurance Group. Other subsidiaries that underwrite property and casualty insurance include National Indemnity
Company, Columbia Insurance Company, National Fire & Marine Insurance Company, National Liability and Fire
Insurance Company, Wesco-Financial Insurance Company, Medical Protective Company, Applied Underwriters, U.S.
Liability Insurance Company, Central States Indemnity Company, Kansas Bankers Surety, Cypress Insurance
Company, Boat U.S. and several other subsidiaries referred to as the "Homestate Companies."
Burlington Northern Santa Fe, LLC ("BNSF") is a holding company that, through its subsidiaries, is engaged
primarily in the freight rail transportation business. BNSF's rail operations make up one of the largest railroad
systems in North America. MidAmerican Energy Holdings Company ("MidAmerican") is an international energy
holding company owning a wide variety of operating companies engaged in the generation, transmission and
distribution of energy. Among MidAmerican's operating energy companies are Northern Electric and Yorkshire
Electricity; MidAmerican Energy Company; Pacific Power and Rocky Mountain Power; and Kern River Gas
Transmission Company and Northern Natural Gas. In addition, MidAmerican owns HomeServices of America, a real
estate brokerage firm. Our finance and financial products businesses primarily engage in proprietary investing
strategies (BH Finance), commercial and consumer lending (Berkshire Hathaway Credit Corporation and Clayton
Homes, Inc.) and transportation equipment and furniture leasing (XTRA and CORT). McLane Company is a
wholesale distributor of groceries and nonfood items to discount retailers, convenience stores, quick service
restaurants and others. The Marmon Group is an international association of approximately 130 manufacturing and
service businesses that operate independently within diverse business sectors.
Numerous business activities are conducted through our other manufacturing, services and retailing subsidiaries.
Shaw Industries is the world's largest manufacturer of tufted broadloom carpet. Benjamin Moore is a formulator,
manufacturer and retailer of architectural and industrial coatings. Johns Manvil e is a leading manufacturer of
insulation and building products. Acme Building Brands is a manufacturer of face brick and concrete masonry
products. MiTek Inc. produces steel connector products and engineering software for the building components
market. Fruit of the Loom, Russel , Vanity Fair, Garan, Fechheimer, H.H. Brown Shoe Group and Justin Brands
manufacture, license and distribute apparel and footwear under a variety of brand names. FlightSafety International
provides training to aircraft operators. NetJets provides fractional ownership programs for general aviation aircraft.
Nebraska Furniture Mart, R.C. Wil ey Home Furnishings, Star Furniture and Jordan's Furniture are retailers of home
furnishings. Borsheims, Helzberg Diamond Shops and Ben Bridge Jeweler are retailers of fine jewelry.

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In addition, other manufacturing, service and retail businesses include: The Buffalo News, a publisher of a daily
and Sunday newspaper; See's Candies, a manufacturer and seller of boxed chocolates and other confectionery
products; Scott Fetzer, a diversified manufacturer and distributor of commercial and industrial products; Albecca, a
designer, manufacturer and distributor of high-quality picture framing products; CTB International, a manufacturer of
equipment for the livestock and agricultural industries; International Dairy Queen, a licensor and service provider to
about 6,000 stores that offer prepared dairy treats and food; The Pampered Chef, the premier direct seller of
kitchen tools in the United States; Forest River, a leading manufacturer of leisure vehicles in the United States;
Business Wire, the leading global distributor of corporate news, multimedia and regulatory filings; Iscar Metalworking
Companies, an industry leader in the metal cutting tools business; TTI, Inc., a leading distributor of electronic
components; and Richline Group, a leading jewelry manufacturer.
Operating decisions for our various businesses are made by managers of the business units. Investment
decisions and al other capital al ocation decisions are made for us and our subsidiaries by Warren E. Buffett, in
consultation with Charles T. Munger. Mr. Buffett is Chairman and Mr. Munger is Vice Chairman of our Board of
Directors. Our businesses collectively employ approximately 260,000 people.
Our executive offices are located at 3555 Farnam Street, Omaha, Nebraska 68131, and its telephone number is
(402) 346-1400.
Proposed acquisition of The Lubrizol Corporation
On March 14, 2011, we entered into a merger agreement with The Lubrizol Corporation ("Lubrizol"), a specialty
chemical company, pursuant to which, subject to conditions described below, Lubrizol wil operate as our
wholly-owned subsidiary.
If the merger is completed, we wil purchase 100% of the outstanding shares of Lubrizol common stock at a
purchase price of approximately $9.7 bil ion (including $0.7 bil ion if assumed net debt) or $135 per share in an
al -cash transaction.
On June 9, 2011, the shareholders of Lubrizol approved the adoption of the merger agreement at a special
meeting called for such purpose.
The transaction remains subject to other customary closing conditions. If the other closing conditions are met or
waived, the merger is expected to become effective on the second business day fol owing the satisfaction or waiver
of al of the conditions to the merger.

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The Offering

Issuer
Berkshire Hathaway Inc.

Securities Offered
$750,000,000 aggregate principal amount of 2.20% Senior Notes due
2016.

$500,000,000 aggregate principal amount of 3.75% Senior Notes due

2021.

$750,000,000 aggregate principle amount of Floating Rate Senior Notes
due 2014.

Offering Price
99.831% in respect of the 2.20% Senior Notes due 2016, 99.992% in
respect of the 3.75% Senior Notes due 2021 and 100.000% in respect
of the Floating Rate Senior Notes due 2014.

Maturity Date
August 15, 2016 in respect of the 2.20% Senior Notes due 2016, August
15, 2021 in respect of the 3.75% Senior Notes due 2021 and August 15,
2014 in respect of the Floating Rate Senior Notes due 2014.

Interest
The 2.20% Senior Notes due 2016 wil bear interest at a rate per annum
equal to 2.20% payable semi-annual y in arrears on February 15 and
August 15 of each year, commencing on February 15, 2012.

The 3.75% Senior Notes due 2021 wil bear interest at a rate per annum

equal to 3.75% payable semi-annual y in arrears on February 15 and
August 15 of each year, commencing on February 15, 2012.

The Floating Rate Senior Notes due 2014 wil bear interest at a rate per
annum equal to LIBOR plus 0.70%, payable quarterly in arrears on

February 15, May 15, August 15 and November 15 of each year,
commencing on November 15, 2011.

Ranking
The notes wil be our unsecured senior obligations, wil rank pari passu
in right of payment with al of our unsubordinated, unsecured
indebtedness and wil be senior in right of payment to all of our
subordinated indebtedness. As of June 30, 2011, we had no secured
indebtedness and $6.287 bil ion of indebtedness, and our subsidiaries
had $50.4 bil ion of indebtedness.

Redemption
We wil not have the right to redeem the notes.

Repayment
The notes wil not be repayable at the option of the holder prior to
maturity.

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Sinking Fund
The notes are not subject to a sinking fund provision.

Form and Denomination
The Depository Trust Company ("DTC") wil act as securities depositary
for the notes, which wil be issued only as ful y registered global
securities registered in the name of DTC or its nominee for credit to an
account of a direct or indirect participant in DTC, except in certain
circumstances. One or more ful y registered global notes wil be issued
to DTC for the notes. The notes wil be issued in minimum denominations
of $2,000 and integral multiples of $1,000 in excess thereof.

Use of Proceeds
We expect to use the proceeds of this offering for general corporate
purposes. See "Use of Proceeds."

Trustee
The Bank of New York Mel on Trust Company, N.A.

Governing Law
New York

Risk Factors
You should careful y consider the specific factors set forth under "Risk
Factors," on page S-5 of this prospectus supplement as wel as the
information and data included elsewhere or incorporated by reference in
this prospectus supplement or the accompanying prospectus, before
making an investment decision.

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RISK FACTORS
An investment in our securities involves some degree of risk. Prior to making a decision about investing in our
securities, you should careful y consider the risks described in the section entitled "Risk Factors" in any prospectus
supplement and the risks described in our most recent Annual Report on Form 10-K filed with the SEC, in each case as
these risk factors are amended or supplemented by subsequent Quarterly Reports on Form 10-Q. The occurrence of
any of these risks could materially adversely affect our business, operating results and financial condition.
The risks and uncertainties we describe are not the only ones facing us. Additional risks and uncertainties not
presently known to us or that we currently deem immaterial may also impair our business or operations. Any adverse
effect on our business, financial condition or operating results could result in a decline in the value of our securities and
the loss of al or part of your investment.
There is currently no trading market for the notes and an active trading market for the notes may not
develop.
The notes are a new issue of securities with no established trading market, and we do not intend to list them on any
securities exchange or automated quotation system. As a result, an active trading market for the notes may not develop,
or if one does develop, it may not be sustained. If an active trading market fails to develop or cannot be sustained, you
may not be able to resel your notes at their fair market value or at al .
Risks unique to our regulated businesses.
Insurance business
Our insurance businesses are subject to regulation in the jurisdictions in which we operate. Such regulations may
relate to among other things, the types of business we can write, the rates we can charge for coverage, the level of
capital that we must maintain and restrictions on the types and size of investments we can make. Regulations may also
restrict the timing and amount of dividend payments. Accordingly, changes in regulations related to these or other
matters or regulatory actions imposing restrictions on our insurance companies, may adversely impact our results of
operations.
Railroad business
Our railroad business is subject to a significant amount of governmental regulation with respect to its rates and
practices, railroad operations and a variety of health, safety, labor, environmental and other matters. Failure to comply
with applicable laws and regulations could have a material adverse effect on its operation. Governments may change the
legislative framework within which BNSF, our railroad subsidiary, operates without providing it with any recourse for any
adverse effects that the change may have on its railroad business. Also, some of the regulations require BNSF to obtain
and maintain various licenses, permits and other authorizations, and we cannot be sure that BNSF wil continue to be
able to do so. Increased economic regulation of the rail industry could negatively impact BNSF's ability to determine
prices for rail services and to make capital improvements to its rail network, resulting in an adverse effect on the results
of operations, financial condition or liquidity of its railroad business.
BNSF regularly utilizes debt to fund operations and capital expenditures. BNSF depends on having access to
borrowed funds through the capital markets. To the extent that access to the credit is restricted or the cost of funding
increases, our operations could be adversely affected.

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