No matter how much Berkshire Hathaway seems to spend on stock purchases and acquisitions, it always seems to end up with even more cash. And you can add an additional $100 million to its cash pile.
Seritage Growth Properties, a national owner and developer of 161 retail, residential and mixed-use properties, announced that on August 5, 2022, the Company made a voluntary prepayment of $100 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayment, $1.34 billion of the term loan facility remains outstanding.
At June 30, 2022, Berkshire’s insurance float was approximately $147 billion, relatively unchanged from the end of the prior quarter.
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.