Warren Buffett - Warren Buffett is taking on a massive $8 billion in debt

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Warren Buffett is taking on a massive $8 billion in debt

Friday, November 20, 2009
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By Daily Crux Editor Justin Brill:

Warren Buffett's Berkshire Hathaway is preparing to borrow $8 billion to help finance its recent purchase of railroad Burlington Northern Santa Fe.

Buffett is able to borrow at relatively favorable rates - estimated to be in the 1%-2% range - due to Berkshire's AAA rating from Standard & Poor's, but he could be putting the company's rating at risk by taking on such a large amount of debt and drawing down the company's cash holding as part of its $26 billion purchase of Burlington Northern.

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Topics:		Warren Buffett \| Stocks \| Cruxallaneous

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