Tuesday, August 25, 2009

Latest News from Warren Buffett's Berkshire Hathaway: Extends Expiration of Registered Exchange Offer

Berkshire Hathaway Inc. (“Berkshire”) and Berkshire Hathaway Finance Corporation (“BHFC”) today announced that they have extended the expiration date of a registered exchange offer to August 28, 2009. The offer is to exchange up to $1,000,000,000 of BHFC’s newly registered 4.000% Senior Notes due 2012 (the “2012 Exchange Notes,”) for an equal amount of its privately placed 4.000% Senior Notes due 2012 (the “2012 Original Notes,”).

The 2012 Exchange Notes are substantially identical to the 2012 Original Notes, except that the Exchange Notes have been registered under the Securities Act of 1933, as amended, and will not bear any legend restricting their transfer. As of 5:00 p.m. (Eastern Time) on Friday August 21, 2009, the expiration date of the exchange offer, approximately $980,000,000 of the aggregate principal amount of the 2012 Original Notes have been tendered for exchange.

Berkshire and BHFC will accept for exchange any and all 2012 Original Notes validly tendered and not withdrawn prior to the expiration of the exchange offer at 5:00 p.m., (Eastern Time) on August 28, 2009, unless extended. Berkshire and BHFC do not currently intend to extend this exchange offer any further.

The terms of the exchange offer and other information relating to Berkshire and BHFC are set forth in a prospectus dated July 17, 2009. Copies of the prospectus and the related letters of transmittal may be obtained from The Bank of New York Mellon Trust Company, N.A., which is serving as the exchange agent for the exchange offer.

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