Obligation Berkshire Hathaway Holdings Inc. 3% ( US084664BT72 ) en USD

Berkshire Hathaway Holdings Inc.

100 % ▼

Etas-Unis

US084664BT72 ( en USD )

3% par an ( paiement semestriel )

14/05/2022 - Obligation échue

Prospectus brochure de l'obligation Berkshire Hathaway Inc US084664BT72 en USD 3%, échue

2 000 USD

775 000 000 USD

084664BT7

AA ( Haute qualité )

Aa2 ( Haute qualité )

Berkshire Hathaway Inc. est une société de portefeuille américaine dirigée par Warren Buffett, connue pour ses investissements à long terme dans des entreprises de grande valeur et sa participation dans des secteurs variés comme l'assurance, les chemins de fer et l'énergie.

L'Obligation émise par Berkshire Hathaway Holdings Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084664BT72, paye un coupon de 3% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 14/05/2022

L'Obligation émise par Berkshire Hathaway Holdings Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084664BT72, a été notée Aa2 ( Haute qualité ) par l'agence de notation Moody's.

L'Obligation émise par Berkshire Hathaway Holdings Inc. ( Etas-Unis ) , en USD, avec le code ISIN US084664BT72, a été notée AA ( Haute qualité ) par l'agence de notation Standard & Poor's ( S&P ).

Final Prospectus Supplement
http://www.sec.gov/Archives/edgar/data/1067983/000119312512383117...
424B2 1 d406119d424b2.htm FINAL PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-164611
Calculation of Registration Fee

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

registered
registration fee (1)
1.600% Senior Notes due 2017
$325,000,000
$37,245
3.000% Senior Notes due 2022
$200,000,000
$22,920
4.400% Senior Notes due 2042
$225,000,000
$25,785
Guarantee of Berkshire Hathaway Inc. of 1.600% Senior Notes due 2017, 3.000%
Senior Notes due 2022 and 4.400% Senior Notes due 2042 (2)

N/A

--
TOTAL
$750,000,000
$85,950

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended.
(2) Pursuant to Rule 457(n), no separate fee for the guarantee is payable.
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Prospectus Supplement to Prospectus dated February 1, 2010
$750,000,000
$325,000,000 1.600% Senior Notes due 2017
$200,000,000 3.000% Senior Notes due 2022
$225,000,000 4.400% Senior Notes due 2042
Unconditionally and irrevocably guaranteed by

Each series of notes offered by this prospectus supplement constitutes an additional issuance of, and a single
series with, the relevant series of our notes issued on May 15, 2012. On May 15, 2012, we issued (i) $750,000,000 of
our 1.600% Senior Notes due 2017, (i ) $350,000,000 of our 3.000% Senior Notes due 2022 and (i i) $500,000,000 of
our 4.400% Senior Notes due 2042 (together, the "notes").
Interest on the notes wil accrue from May 15, 2012 and wil be payable semi-annual y in arrears on May 15 and
November 15, commencing on November 15, 2012.
The 1.600% Senior Notes due 2017 wil mature on May 15, 2017, the 3.000% Senior Notes due 2022 wil mature
on May 15, 2022 and the 4.400% Senior Notes due 2042 wil mature on May 15, 2042. Al of Berkshire Hathaway
Finance Corporation's obligations under the notes wil be unconditional y and irrevocably guaranteed by Berkshire
Hathaway Inc.
We may redeem the notes, in whole or in part, at any time at the redemption prices as described under "Description
of the Notes and Guarantee--Optional Redemption."
The notes wil be senior unsecured indebtedness of Berkshire Hathaway Finance Corporation and wil rank equally
with al of its other existing and future senior unsecured indebtedness. The guarantee wil be a senior unsecured
obligation of Berkshire Hathaway Inc. and wil rank equal y with al of its other existing and future senior unsecured
obligations.
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-6 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 1.600%
Per 3.000%
Per 4.400%
Senior Note
Senior Note
Senior Note

due 2017
due 2022
due 2042
Total

Initial public offering price(1)

101.839%

102.826%

104.922%

$772,703,250
Underwriting discount

0.325%

0.425%

0.750%

$ 3,593,750
Proceeds, before expenses, to Berkshire
Hathaway Finance Corporation

101.514%

102.401%

104.172%

$769,109,500

(1)Plus accrued interest from May 15, 2012 until the date of delivery.

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The underwriters expect 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 September 17, 2012.
Joint Book-Running Managers

Goldman, Sachs & Co.

Wells Fargo Securities

Prospectus Supplement dated September 5, 2012
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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-6

Use of Proceeds

S-7

Description of the Notes and Guarantee

S-8

Material United States Federal Income and Estate Tax Considerations

S-14
Underwriting

S-19
Legal Matters

S-23
Experts

S-23
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

11

Legal Matters

12

Experts

12

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") careful y 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. None of Berkshire Hathaway Finance Corporation
("BHFC"), Berkshire Hathaway Inc. ("Berkshire"), and the underwriters has 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 Berkshire 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. The business, financial condition, results
of operations and prospects of Berkshire and BHFC 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 BHFC or Berkshire, 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, 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 has any 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 Berkshire's 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 Berkshire's 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 Berkshire's 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
Berkshire and its affiliates do business.
Unless required by law, neither BHFC nor Berkshire undertakes any 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 BHFC and Berkshire otherwise refer you. Neither BHFC nor Berkshire is 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 Berkshire has filed or wil file with
the SEC and incorporated by reference in this prospectus supplement and accompanying prospectus, is accurate as of
the date of the applicable document or other date referred to in that document. The business, financial condition, and
results of operations of BHFC and Berkshire may have changed since that date.

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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 requires otherwise, all references in this
prospectus supplement to "we," "us," "our," or similar references are references to either Berkshire or BHFC or both.
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
prospectus supplement and the accompanying prospectus, together with documents incorporated by reference, in
their entirety before making an investment decision.
Berkshire Hathaway Inc.
Berkshire, a Delaware corporation, is 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,
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 Powergrid; MidAmerican
Energy Company; PacifiCorp Energy; 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. Berkshire's 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 150 manufacturing and
service businesses that operate independently within diverse business sectors. The Lubrizol Corporation is a
specialty chemical company that produces and supplies chemical products for transportation, industrial and consumer
markets.
Numerous business activities are conducted through Berkshire's 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 Athletic, Vanity Fair, Garan, Fechheimer, H.H. Brown Shoe Group, Justin Brands,
and Brooks 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

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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.
In addition, other manufacturing, service and retail businesses include: Buffalo News and the Omaha World-
Herald, publishers of daily and Sunday newspapers; 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; Larson-Juhl, 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 6,100 stores that offer prepared dairy treats and food; The
Pampered Chef, the premier direct sel er 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 Berkshire's various businesses are made by managers of the business units. Investment
decisions and al other capital allocation decisions are made for Berkshire and its subsidiaries by Warren E. Buffett,
in consultation with Charles T. Munger. Mr. Buffett is Chairman and Mr. Munger is Vice Chairman of Berkshire's
Board of Directors. Berkshire's businesses col ectively employ approximately 271,000 people.
Berkshire's executive offices are located at 3555 Farnam Street, Omaha, Nebraska 68131, and its telephone
number is (402) 346-1400.
Berkshire Hathaway Finance Corporation
BHFC is a Delaware corporation that was created by Berkshire on August 4, 2003. Assets of BHFC consist of
term loans to Vanderbilt Mortgage and Finance, Inc. ("Vanderbilt"), a wholly owned subsidiary of Clayton Homes, Inc.
and an indirect whol y owned subsidiary of Berkshire. BHFC currently charges Vanderbilt interest at a rate which is
either 50 or 100 basis points higher than it pays on its related debt obligations (consisting of BHFC's 5.125% Senior
Notes due 2012, 4.50% Senior Notes due 2013, 4.60% Senior Notes due 2013, 4.625% Senior Notes due 2013,
5.0% Senior Notes due 2013, Floating Rate Senior Notes due 2014, 1.50% Senior Notes due 2014, 5.10% Senior
Notes due 2014, 2.45% Senior Notes due 2015, 4.85% Senior Notes due 2015, 1.60% Senior Notes due 2017,
5.40% Senior Notes due 2018, 4.25% Senior Notes due 2021, 3.00% Senior Notes due 2022, 5.75% Senior Notes
due 2040 and 4.40% Senior Notes due 2042).
BHFC's executive offices are located at 3555 Farnam Street, Omaha, Nebraska 68131, and its telephone
number is (402) 346-1400.

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The Offering

Issuer
Berkshire Hathaway Finance Corporation, a wholly owned finance
subsidiary of Berkshire Hathaway Inc.

Guarantor
Berkshire Hathaway Inc.

Securities Offered
$325,000,000 aggregate principal amount of 1.600% Senior Notes
due 2017.

$200,000,000 aggregate principal amount of 3.000% Senior Notes

due 2022.

$225,000,000 aggregate principal amount of 4.400% Senior Notes due

2042.

Offering Price
101.839% in respect of the 1.600% Senior Notes due 2017

102.826% in respect of the 3.000% Senior Notes due 2022
104.922% in respect of the 4.400% Senior Notes due 2042

in each case, plus accrued interest from May 15, 2012 until the date of

delivery.

Maturity Date
May 15, 2017 in respect of the 1.600% Senior Notes due 2017. May 15,
2022 in respect of the 3.000% Senior Notes due 2022. May 15, 2042 in
respect of the 4.400% Senior Notes due 2042.

Interest
The 1.600% Senior Notes due 2017 wil bear interest at a rate per
annum equal to 1.600%, payable semi-annual y in arrears on May 15
and November 15, commencing on November 15, 2012.

The 3.000% Senior Notes due 2022 wil bear interest at a rate per

annum equal to 3.000%, payable semi-annual y in arrears on May 15
and November 15, commencing on November 15, 2012.

The 4.400% Senior Notes due 2042 wil bear interest at a rate per

annum equal to 4.400%, payable semi-annual y in arrears on May 15
and November 15, commencing on November 15, 2012.

Guarantee
Al of BHFC's obligations under the notes wil be unconditional y and
irrevocably guaranteed by Berkshire.

Ranking
Each series of notes wil be unsecured senior obligations of BHFC, wil
rank pari passu in right of payment with al of BHFC's unsubordinated,
unsecured indebtedness and wil be senior in right of payment to all of its
subordinated indebtedness. As of June 30, 2012, BHFC had no secured
indebtedness and $11.2 bil ion of indebtedness.

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The guarantees wil be unsecured senior obligations of Berkshire, wil
rank pari passu with all of its unsubordinated, unsecured indebtedness
and senior to all of its subordinated indebtedness, and wil be effectively
subordinated to al of its existing and future secured indebtedness to the

extent of the assets securing such indebtedness and structural y
subordinated to all existing and future indebtedness of its subsidiaries
(secured or unsecured). As of June 30, 2012, Berkshire had no secured
indebtedness and $8.3 bil ion of indebtedness, and its subsidiaries had
$52.8 bil ion of indebtedness.

Redemption
BHFC wil have the option to redeem the notes, in whole or in part, at
any time at a redemption price equal to the greater of (A) 100% of the
principal amount of the notes to be redeemed or (B) as determined by
the quotation agent and as described herein under "Description of the
Notes and Guarantee--Optional Redemption," the sum of the present
values of the remaining scheduled payments of principal and interest on
the notes to be redeemed, not including any portion of such payments of
interest accrued as of the date on which the notes are to be redeemed,
discounted to the date on which the notes are to be redeemed on a
semi-annual basis, assuming a 360-day year consisting of twelve 30-day
months, at the adjusted treasury rate described herein under
"Description of the Notes and Guarantee--Optional Redemption" plus 15
basis points with respect to the 1.600% Senior Notes due 2017, 20
basis points with respect to the 3.000% Senior Notes due 2022 or 25
basis points with respect to the 4.400% Senior Notes due 2042, in each
case, plus accrued interest to the date on which the notes are to be
redeemed.

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

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 net proceeds of this offering to redeem our
5.125% Senior Notes due 2012 and having an aggregate principal
amount of $750,000,000 at 100% of the principal amount thereof plus
accrued and unpaid interest thereon." See "Use of Proceeds" in this
prospectus supplement.

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