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Omahan Warren Buffett’s company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp.
Berkshire Hathaway Inc. said in documents filed with the Securities and Exchange Commission on Thursday that it signed the financing deal with JPMorgan Chase and Wells Fargo on Wednesday.
Buffett has said Berkshire plans to borrow half of the $16 billion cash needed for the deal, and pay back the loan over three years.
Berkshire has agreed to pay $100 a share in cash and stock for all of the Burlington Northern shares it doesn’t own. Berkshire holds a 23 percent stake in the Fort. Worth, Texas-based railroad.
The deal is expected to be completed early next year if shareholders and regulators approve.
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