On September 21, 2026, Brown-Forman Corporation completed the sale of $500,000,000 aggregate principal amount of 5.375% Notes due 2031. The Notes were issued pursuant to an indenture dated April 2, 2007, as supplemented by indentures from December 13, 2010, and June 24, 2015, with U.S. Bank Trust Company, National Association, acting as trustee.
The offering was managed by a group of underwriters including Barclays Capital Inc., BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and U.S. Bancorp Investments Inc.
Interest on the Notes accrues at a rate of 5.375% per year and is payable semi-annually in arrears on April 15 and October 15 of each year, beginning April 15, 2027. The Notes are set to mature on October 15, 2031.
The company stated that it intends to use the net proceeds from this offering for general corporate purposes. These purposes may include the payment of dividends, stock repurchases, repayment or redemption of existing debt (including commercial paper), working capital, capital expenditures, acquisitions, and funding for pension plan obligations.
The Notes were offered and sold pursuant to an automatic shelf registration statement on Form S-3 (File No. 333-294143) filed with the SEC on March 9, 2026.
