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They're getting good terms on the debt. During the recent Berkshire shareholder meeting Warren Buffett mentioned that Berkshire Hathaway raised a few billion in
by AQuantized 6y ago
They're getting good terms on the debt. During the recent Berkshire shareholder meeting Warren Buffett mentioned that Berkshire Hathaway raised a few billion in additional capital despite already having cash reserves of over $120 billion, simply because it's a good time to be a borrower.
As I understand it, this is largely due to the Federal Reserve signalling their intent to act as a backstop to the bond market due to the impact of COVID-19.