Welcome to our dedicated page for Brown-Forman Corporation Class B news (Ticker: BF.B), a resource for investors and traders seeking the latest updates and insights on Brown-Forman Corporation Class B stock.
Brown-Forman Corporation Class B (symbol: BF.B) is a leading independent, publicly-traded company that specializes in the production and marketing of some of the most renowned wines and spirits brands worldwide. With more than 30 unique brands in its portfolio, including nine that exceed one million cases annually, Brown-Forman stands as one of the largest American-owned spirits and wine companies and ranks among the top 10 largest global spirits producers.
Headquartered in Louisville, KY, Brown-Forman boasts a diverse workforce of approximately 4,000 employees from 45 different nationalities. The company operates offices and production facilities across the globe, enabling it to sell its products in more than 135 countries. The cornerstone of Brown-Forman's business strategy is the individual brand strength and equity, built through meaningful differentiation and the dedication of passionate employees. This approach has proven vital for sustained growth and profitability.
The company’s flagship brands include the world-famous Jack Daniel's Tennessee Whiskey, alongside other notable names such as Woodford Reserve and Old Forester bourbons. Additionally, Brown-Forman manufactures and distributes a wide range of beverages, including tequila, vodka, rum, gin, and premium wines. A significant portion of its revenue—close to 70%—comes from the whiskey category.
Brown-Forman generates approximately 45% of its sales from the U.S. market, with the remaining revenues coming primarily from Europe, Australia, and Latin America. Despite being a publicly-traded entity, the Brown family retains over 50% of the economic interests and 67% of the voting power, ensuring long-term family stewardship and stability.
In addition to its financial success, Brown-Forman is committed to responsible business practices. The company understands that success in today's market goes beyond financial metrics, emphasizing sustainability and ethical practices as integral components of its corporate philosophy.
Brown-Forman Corporation (NYSE: BF.A, BF.B) has priced a $650 million 10-year senior unsecured note with a 4.750% interest rate, maturing on April 15, 2033. The proceeds will primarily be used to refinance existing $600 million debt under a 364-day term loan, with any remaining funds allocated for general corporate purposes. The offering, managed by top investment firms, will not constitute a public sale in jurisdictions where it is prohibited without prior registration. Interested parties can access the prospectus via the SEC website or by contacting the underwriters directly.
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