bnsf (NYSE:BNI)
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3 Anos : February 2009 para February 2012
Berkshire Hathaway Inc. (BRKA, BRKB) has lined up an $8 billion credit line as a "potential additional source of funds" to help finance the cash portion of its acquisition of Burlington Northern Santa Fe (BNI), according to a Thursday filing.
JPMorgan Chase Bank, a unit of JPMorgan Chase (JPM) will act as administrative agent and Wells Fargo Bank, a unit of Wells Fargo & Co. (WFC) is the syndication agent, the filing said.
Berkshire Hathaway said it obtained the $8 billion unsecured credit facility potential only to finance the acquisition of Burlington Northern, and that any borrowing under the credit line would take place immediately before closing the transaction. Berkshire Hathaway is not under obligation to use the funds.
Earlier this month, Berkshire announced it will acquire the 77% of Burlington Northern Santa Fe it doesn't already own in a cash and stock deal that values the railroad company around $44 billion including $10 billion of Burlington Northern debt.
Berkshire's cash and stock offer will pay Burlington Northern shareholders $100 per share--60% in cash and 40% in Berkshire Hathaway stock.
-By Lavonne Kuykendall, Dow Jones Newswires; (312) 750 4141; lavonne.kuykendall@dowjones.com
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