Warren Buffett’s Berkshire Hathaway Takes on $250M Tiffany & Co Debt

Billionaire investor Warren Buffett’s Berkshire Hathaway has just purchased $125 million of eight-year bond notes and an additional $125 million in ten-year bond notes from luxury jewelry maker Tiffany & CO., meaning Berkshire Hathaway has effectively taken on $250 million of debt from the company. Both bonds are structured to yield Berkshire 10% According to Merrill Lynch, the average U.S. bond yielded 7.37% in 2008/ Tiffany & Co. says the new proceeds will be used to fund continuing operations and to refinance current debt.

This is one of many massive investments Berkshire has made, making it easier for struggling companies to gain access to more affordable and much needed capital. Berkshire Hathaway recently purchased $5 billion worth of preferred shares in investment bank Goldman Sachs, $3 billion of preferred stock in General Electric, and more recently, $750 million in the struggling motorcycle maker Harley Davidson, which announced 1,100 layoffs on Jan 24, 2009 after having Q4 profits down 58% to $77.8 million.

According to Wikipedia, Warren Buffett’s 2008 net worth was US $62 billion.


tag TAGS: , , , , , ,
Short URL: http://business2press.com?p=1832
Recommended:
b2p Ensure that you follow us on Twitter and Like us on Facebook
Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to hercules@business2press.com
checkmark
We are perfectly committed to the highest ethical and professional codes of conduct and standards in the industry on a firm wide basis. Learn more about us, our contributors, and our governance
b2p
We encourage you to comment. Comments are moderated. Comments that are abusive, off-topic, have marginal substance, or include promotional content will be removed. We cannot facilitate requests to edit or remove comments, or explain moderation decisions
  • http://google.com lopas

    thanks for the great post!

  • maleextra

    Male Extra Penis Pills make some pretty strong claims. They claim to give you firmer, longer lasting erections AND increase the size of your penis at http://www.penissizeenlargement.net

  • Anonymous

    Male Extra Penis Pills make some pretty strong claims. They claim to give you firmer, longer lasting erections AND increase the size of your penis at http://www.penissizeenlargement.net

  • http://www.air-jordan-13.net air jordan 13

    Jeder Mensch braucht Bewegung, Sportgerte, natrlich entscheidend, und die wie Sportschuhe, Sportbekleidung wie. Bevor ich auf anderen Seiten suchen gehen, habe ich mehrere gute Seiten ber die Sportgerte finden eine Menge Hilfe bieten, knnen wir frei sein zu sehen.Gucci sweaters

  • http://www.air-jordan-22.com air jordan 22

    Jeder Mensch braucht Bewegung, Sportgerte, natrlich entscheidend, und die wie Sportschuhe, Sportbekleidung wie. Bevor ich auf anderen Seiten suchen gehen, habe ich mehrere gute Seiten ber die Sportgerte finden eine Menge Hilfe bieten, knnen wir frei sein zu sehen.air jordan 16.5

Business 2.0 Press publishes exclusive business tech news and analysis covering start-ups to large-caps from Bay & Wall streets since 2008 from a group of highly knowledgeable industry professionals that abide by the toughest industry codes of conduct and professional standards lightMore

lightAdd value by subscribing (RSS)

logo

StockFractions.com has the most stock ratios for public companies. Get the most comprehensive micro insight on public firms available on the web, all for free.
Stock Fractionsgo

title

Colon cancer is one of the leading causes of death. Irrespective of family history, everyone is exposed to the risk. About 90% of colon cancer cases begin from non-cancerous tumors, polyps, which could form in the large bowel. Screening with a colonoscopy will painlessly remove any polyps hence almost entirely reducing your risk of developing the horrible disease. The good news is that about 90% of colon cancer cases are preventable through a simple (yes, simple) colonoscopy.
Learn moreatom
Public service message from Business 2.0 Press