Brown-Forman Corp. (BFA, BFB) said that it has successfully concluded the $750 million bond offering announced on December 10, 2012.
The $750 million issue consisted of$250 million principal amount of 1.00% 5 year Senior Notes due January 15, 2018; $250 million principal amount of 2.25% 10 year Senior Notes due January 15, 2023;$250 million principal amount of 3.75% 30 Year Senior Notes due January 15, 2043.
Brown-Forman said that it intends to use the net proceeds from the offering largely to pay a special cash dividend of $4.00 per share on its Class A and Class B Common Stock, which was announced on November 27, 2012. The dividend is payable on December 27, 2012 to stockholders of record on December 12, 2012.
Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc., Deutsche Bank Securities Inc., and Wells Fargo Securities, LLC acted as joint book-running managers.
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