debt
confidence high
sentiment neutral
materiality 0.50
Brown-Forman issues $500M of 5.375% notes due 2031
BROWN FORMAN CORP
- Issued $500M aggregate principal of 5.375% Notes due October 15, 2031.
- Interest payable semi-annually on April 15 and October 15, first payment April 15, 2027.
- Net proceeds for general corporate purposes: dividends, share repurchases, debt repayment, capex, acquisitions, pension.
- Underwriters include Barclays, BofA Securities, Citigroup, J.P. Morgan, U.S. Bancorp Investments.
- Notes issued under existing indenture with U.S. Bank Trust Company as trustee.