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Berkshire to sell bonds to repay $10 billion loan

2016-03-09 10:08:00| Industrial Machines - Topix.net

Warren Buffett's Berkshire Hathaway Inc. will sell debt, in what may be the conglomerate's biggest bond sale, in part to repay a $10 billion loan used to finance its purchase of Precision Castparts Corp. Berkshire may sell the debt in up to eight parts as soon as today, according to a person with knowledge of the matter. Buffett had said earlier that Berkshire used about $23 billion of its cash for the deal and will borrow the rest.

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