Brown-Forman said the money will be used for "general corporate purposes"

Brown-Forman said the money will be used for "general corporate purposes"

Brown-Forman has announced the terms of its latest debt offering as it looks to raise US$500m.

The company this week said the 30-year senior notes will go on sale for a 4.5% rate. The proceeds will be used for "general corporate purposes", Brown-Forman said without giving further details.

This month, Brown-Forman announced it will spend $50m on a new distillery for Slane Castle Irish Whiskey Ltd after agreeing to buy the Irish whisky maker.