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Berkshire Hathaway Inc., JPMorgan Chase & Co., Wells Fargo & Company and Moody's Investors Service

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  Published in Business and Finance on Friday, January 8th 2010 at 23:20 GMT by Market Wire
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CHICAGO--([ BUSINESS WIRE ])--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Berkshire Hathaway Inc. (NYSE: [ BRK.A ], [ BRK.B ]), JPMorgan Chase & Co. (NYSE: [ JPM ]), Wells Fargo & Company (NYSE: [ WFC ]) and Moody's Investors Service (NYSE: [ MCO ]).

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Here are highlights from Thursday's Analyst Blog:

Berkshire Finance to Issue Notes

Yesterday, Berkshire Hathaway Finance Corporation, a subsidiary of Berkshire Hathaway Inc. (NYSE: [ BRK.A ], [ BRK.B ]) announced the issue of $1.0 billion notes, out of which $750 million will be senior notes due 2040 and $250 million will be floating rate senior notes due 2012.

The $750 million senior notes will carry an interest rate of 5.75%, which will be paid semi-annually, with the first payment due on July 16, 2010. Interest on the $250 million of floating rate senior notes is set at 115 basis points above the 3 months LIBOR, will be paid semi-annually, with the first interest payment due on July 13, 2010.

The proceeds of the notes offering will be used to satisfy and retire the company's existing 4.125% senior notes due 2010.

The notes will be senior unsecured indebtedness of Berkshire Hathaway Finance Corporation and will rank equally with all its other existing and future senior unsecured indebtedness. The guarantee will be a senior unsecured obligation of Berkshire Hathaway Inc. and will rank at par with all of its other existing and future senior unsecured obligations.

JPMorgan Securities, a division of JPMorgan Chase & Co. (NYSE: [ JPM ]) will be the sole book running manager and Wells Fargo Securities, a division of Wells Fargo & Company (NYSE: [ WFC ]) will act as the joint lead manager to the issue. Moody's Investors Service (NYSE: [ MCO ]), Fitch and Standard & Poor's have assigned a rating of "Aa2," "AA+" and "AAA", respectively, to the notes. All the ratings denote a high quality.

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