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Fitch Rates Brown-Forman's $500 Million Senior Unsecured Notes 'A+'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to Brown-Forman Corporation's $500 million senior unsecured notes offering due 2045. The Rating Outlook is Stable. The company intends to use the net proceeds from this offering for general corporate purposes, which may include retiring existing indebtedness including commercial paper, acquisitions, repurchases of common stock, dividends, funding pension plan obligations, additions to working capital and capital expenditures. A

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