Deal Description: On June 2, 2025, Burlington Northern Santa Fe, LLC (the “Company”) priced a public offering of $900 million aggregate principal amount of its 5.800% Debentures due March 15, 2056.

The Company intends to use the net proceeds from the offering for general corporate purposes. The joint book-running managers for the offering are BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC.

Burlington Northern Santa Fe, LLC is engaged primarily in freight railroad transportation through its ownership of its principal, wholly owned operating subsidiary, BNSF Railway Company. BNSF Railway Company operates one of the largest railroad networks in North America. BNSF Railway Company operates over 32,500 route miles of track in 28 states and also operates in three Canadian provinces. Burlington Northern Santa Fe, LLC is a wholly owned subsidiary of Berkshire Hathaway Inc.

Issuer: Burlington Northern Santa Fe, LLC

Outside Counsel to the Underwriters: Baker Botts L.L.P.

Baker Botts Lawyers/Office Involved:

• Corporate: Carina Antweil (Partner, Houston); Lakshmi Ramanathan (Special Counsel, Houston); Shelby Brown (Associate, Houston); Jack Hennessy (Associate, Houston)
• Tax: Jon Lobb (Partner, Houston); Michael Kovacich (Associate, Houston)
• Environmental: Elizabeth Singleton (Special Counsel, Houston)

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