Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BROWN FORMAN CORP incurred senior notes of $650,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.750% per year maturing April 15, 2033.
- Instrument
- senior notes
- Principal
- $650,000,000 aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 4.750% per year
- Maturity
- April 15, 2033
- Event
- incurrence
Exact text from the filing
On March 23, 2023, Brown-Forman Corporation (the “Company”) completed the sale of $650,000,000 aggregate principal amount of 4.750% Notes due 2033 (the “Notes”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BROWN FORMAN CORP entered into 364-day term loan agreement with U.S. Bank National Association, as administrative agent; Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, N.A., as co-syndication agents; The Bank of Nova Scotia, as documentation agent; and U.S. Bank National Association, BofA Securities, Inc., Citibank N.A. and JPMorgan Chase Bank, N valued at $600,000,000 of outstanding indebtedness (effective 2023-01-03).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- U.S. Bank National Association, as administrative agent; Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, N.A., as co-syndication agents; The Bank of Nova Scotia, as documentation agent; and U.S. Bank National Association, BofA Securities, Inc., Citibank N.A. and JPMorgan Chase Bank, N
- Value
- $600,000,000 of outstanding indebtedness
- Effective
- 2023-01-03
Exact text from the filing
The Company used the net proceeds from this offering to repay $600,000,000 of outstanding indebtedness under the Company’s 364-day term loan agreement (the "Term Loan Agreement"), dated January 3, 2023, between the Company and the lenders party thereto, U.S. Bank National Association, as administrative agent, Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, N.A., as co-syndication agents, The Bank of Nova Scotia, as documentation agent, and U.S. Bank National Association, BofA Securities, Inc., Citibank N.A. and JPMorgan Chase Bank, N.A., as joint lead arrangers and joint bookrunners.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BROWN FORMAN CORP entered into Underwriting Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters valued at $650,000,000 aggregate principal amount (effective 2023-03-21).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters
- Value
- $650,000,000 aggregate principal amount
- Effective
- 2023-03-21
Exact text from the filing
The Notes were sold pursuant to an underwriting agreement (the "Underwriting Agreement"), dated March 21, 2023, among the Company, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein (collectively, the "Underwriters").
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