Brown-forman announces $650 million debt offering

Louisville, ky.--(business wire)--brown-forman corporation (nyse: bfa, bfb) today announced the pricing of a $650 million 10-year senior unsecured note. the 4.750% 10-year senior notes are due april 15, 2033. brown-forman intends to use the net proceeds from the offering to refinance its existing $600 million of outstanding debt under its senior unsecured 364-day term loan credit agreement, with the remainder to be used for general corporate purposes. bofa securities, inc.
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