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Brown-Forman prices $650M debt offering

Mar. 22, 2023 6:45 AM ETBrown-Forman Corporation (BF.A)By: Preeti Singh, SA News Editor
  • 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.

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