Brown-Forman Closes Debt Offering; to Pay $4/Share Special Dividend

Brown-Forman Corporation

has successfully concluded the $750 million bond offering announced on December 10, 2012. The $750 million issue consisted of the following: * $250 million principal amount of 1.00% 5 year Senior Notes due January 15, 2018 * $250 million principal amount of 2.25% 10 year Senior Notes due January 15, 2023 * $250 million principal amount of 3.75% 30 Year Senior Notes due January 15, 2043 Brown-Forman intends to use the net proceeds from the offering largely to pay a special cash dividend of $4.00 per share on its Class A and Class B Common Stock, which was announced on November 27, 2012. The dividend is payable on December 27, 2012 to stockholders of record on December 12, 2012.