secwatch.observer — SEC 8-K summary
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Issuer:     BROWN FORMAN CORP (BF-A)
CIK:        0000014693
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001193125-23-077925
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown-Forman issues $650M of 4.750% Notes due 2033, repays $600M term loan
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- Issued $650M of 4.750% Notes due April 15, 2033; interest payable semi-annually starting Oct 15, 2023.
- Net proceeds used to repay $600M of outstanding 364-day term loan dated Jan 3, 2023.
- Remaining net proceeds allocated for general corporate purposes.
- Notes sold via underwriting agreement with BofA, Citigroup, J.P. Morgan, and U.S. Bancorp Investments.
- Issued under automatic shelf registration statement on Form S-3 filed March 8, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14693/000119312523077925/0001193125-23-077925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14693/000119312523077925/d367875d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-077925

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