BUSINESS
03/17/2009 05:12 am ET | Updated May 25, 2011

Warren Buffett Goes Shopping At Tiffany's... For Debt

Warren Buffett has been doing some shopping at Tiffany's just before Valentine's Day, but he's not taking anything home in a baby-blue shopping bag.

In a filing with the SEC today, Tiffany [TIF 20.18 -0.39 (-1.9%) ] says it has sold $250 million of debt to some Berkshire Hathaway subsidiaries. The jewelry retailer will use the money to "refinance existing indebtedness and for general corporate purposes."

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