Brown-Forman prices $500 million in senior unsecured notes
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E-mailBrown-Forman Corporation (NYSE: BFA, BFB) has priced a $500 million offering of 5.375% senior unsecured notes due October 15, 2031, according to a company press release.
The Louisville, Kentucky-based spirits company said it intends to use the net proceeds for general corporate purposes, which may include dividends, stock repurchases, repaying or repurchasing existing debt including commercial paper, working capital, capital expenditures, acquisitions, and funding pension plan obligations.
Barclays Capital Inc., BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and U.S. Bancorp Investments Inc. are serving as joint book-running managers for the offering.
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