Company: BRK-A
Filing Date: 2025-01-31
Form Type: S-3ASR
Source: 0001193125-25-018070
Chunk: 23

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-01-31
Form: S-3ASR
Chunk 23
---
 Berkshire. BHFC also provides
financing to the tank car and crane leasing business of Berkshire’s indirect wholly owned subsidiary, UTLX Company. BHFC currently charges Vanderbilt, 21st Mortgage and UTLX interest at a rate which is either 50 or 100 basis points higher than
it pays on its related debt obligations.

4

Risk Factors

Investing in our securities involves risks. Prior to making a decision about investing in our securities, in addition to the other information
contained or incorporated by reference in this prospectus and the applicable prospectus supplement, you should carefully consider the risks described in the section entitled “Risk factors” in the applicable prospectus supplement and the
risks described in our most recent Annual Report on Form 10-K, which may be amended, supplemented or superseded from time to time by other reports we file with the SEC in the future. The occurrence or
realization of any of these risks could materially adversely affect our business, operating results and financial condition.

The risks
and uncertainties we describe are not the only ones facing us. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impair our business or operations. Any adverse effect on our business,
financial condition or operating results could result in a decline in the value of our securities and the loss of all or part of your investment.

5

Use of Proceeds

Except as any applicable prospectus supplement may indicate otherwise, we intend to use the net proceeds from the sale of debt securities
offered by this prospectus for general corporate purposes.

6

Description of the Debt Securities BHFC will issue debt securities on a senior unsecured basis under an indenture, dated as of January 31, 2025, by and among Berkshire, BHFC and The Bank of New York Mellon Trust Company, N.A. (the “trustee”). We have summarized material provisions of the indenture and the debt securities, including the guarantee, below. This summary is not complete, and is subject, and qualified in its entirety by reference, to all the provisions of the indenture, including the definition of certain terms. We have filed the indenture with the SEC as an exhibit to the registration statement of which this prospectus forms a part, and you should read the indenture for provisions that may be important to you. The following sets forth certain general terms and provisions of BHFC’s debt securities offered by this prospectus. The particular terms of any debt securities being offered will be described in the prospect