Brown-Forman (BF-A) Announces $650M Debt Offering

Brown-Forman Corporation (NYSE: BF-A, BF-B) today announced the pricing of a $650 million 10-year senior unsecured note. The 4.750% 10-year senior notes are due April 15, 2033. Brown-Forman intends to use the net proceeds from the offering to refinance its existing $600 million of outstanding debt under its senior unsecured 364-day term loan credit agreement, with the remainder to be used for general corporate purposes.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc., Barclays Capital Inc., and Scotia Capital (USA) Inc. are acting as joint book-running managers.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any debt securities of Brown-Forman Corporation, nor shall there be any sale of debt securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The debt offering will be made only by means of a prospectus supplement and accompanying base prospectus forming part of an effective shelf registration statement.

Copies of the prospectus and prospectus supplement relating to the senior notes may be obtained for free by visiting EDGAR on the SEC website at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BofA Securities, Inc. toll-free at 1-800-294-1322, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, J.P. Morgan Securities LLC toll-free at 1-866-803-9204 or U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.

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