Brown-Forman prices $650M debt offering

• Brown-Forman (NYSE:BF.A) has priced its offering of $650M 10-year senior unsecured note.
• The notes will accrue interest at a rate of 4.750% and are due April 15, 2033.
• The company plans to use the net proceeds from the offering to refinance its existing $600M of outstanding debt under its senior unsecured 364-day term loan credit agreement, with the remainder to be used for general corporate purposes.