Form 8-K · Current report
Brown–Forman 8-K, filed Sep 21, 2026
- Filed
- CIK
- 0000014693
- Accession no.
- 0001193125-26-396679
Summary
Brown-Forman completed the sale of $500 million aggregate principal amount of 5.375% notes due 2031 on September 21, 2026, under an underwriting agreement with Barclays Capital, BofA Securities, Citigroup Global Markets, J.P. Morgan Securities and U.S. Bancorp Investments as representatives of the underwriters. Brown-Forman said it intends to use the net proceeds for general corporate purposes, which may include dividends, stock repurchases, repaying or redeeming existing debt including commercial paper, working capital, capital expenditures, acquisitions, and pension plan funding.
Key points
- The notes carry a 5.375% annual interest rate, payable semi-annually in arrears beginning April 15, 2027, and mature on October 15, 2031.
- The notes were issued under an indenture dated April 2, 2007, as supplemented in 2010 and 2015, with U.S. Bank Trust Company, National Association as trustee.
- The indenture lets the trustee or holders of 51% or more of an outstanding series' principal declare those notes immediately due and payable upon an event of default after any grace period.
- The notes were sold under Brown-Forman's automatic shelf registration statement on Form S-3 filed with the SEC on March 9, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. On September 21, 2026, Brown-Forman Corporation (the “Company”) completed the sale of $500,000,000 aggregate principal amount of 5.375% Notes due 2031 (the “Notes”). The Company intends to use the net proceeds from this offering for general corporate purposes, which may include dividends, repurchases of stock by the Company pursuant to any authorized stock repurchase program or otherwise, repaying, redeeming, or repurchasing existing debt, including commercial paper, and for working capital, capital expenditures, acquisitions, and funding its pension plan obligations. …
An excerpt of the text as filed with the SEC, cut for length.
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