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Berkshire Hathaway subsidiary issues $1.25B of notes

Berkshire Hathaway Finance Corp. issued $1.25 billion of 4.250% senior notes due Jan. 15, 2049.

Interest is payable semiannually every Jan. 15 and July 15, starting July 15, 2019. The trade date was Jan. 3, while the settlement date was Jan. 11.

The notes were issued at 98.978% of face value at a gross spread of 65 basis points, equivalent to a yield to maturity of 4.311% and a spread of 140 basis points over Treasuries.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC served as joint book-running managers.

The notes are fully and unconditionally guaranteed by parent company Berkshire Hathaway Inc.