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Brown-Forman Completes $500 Million Debt Offering at 5.375%
Filed with the SEC on · Summarized by InvestorsBot
Brown-Forman completed the sale of $500 million of 5.375% notes due October 15, 2031, underwritten by Barclays, BofA Securities, Citigroup, J.P. Morgan and U.S. Bancorp Investments. Interest will be paid semiannually starting April 15, 2027, and the company plans to use the net proceeds for general corporate purposes, including potential dividends, stock repurchases, debt repayment, capital expenditures, acquisitions and pension obligations.