Companies turning to Warren Buffet for financing

Buffett to buy $250M Tiffany debt
Jewelry maker becomes the latest company to turn to Berkshire Hathaway for financing.

(Source CNN Money)
NEW YORK (Reuters) -- Warren Buffett's Berkshire Hathaway Inc. has agreed to buy $250 million of debt from luxury jewelry maker Tiffany & Co., the latest in a string of high-yielding investments by the billionaire investor.
New York-based Tiffany said it sold Berkshire $125 million of eight-year notes and $125 million of 10-year notes, all yielding 10%. It said it will use the proceeds to refinance debt and for general corporate purposes.
The investment marks at least the seventh time since September that Berkshire has gotten at least a 10% payout by buying company bonds, preferred stock or convertible securities.
Many companies are turning to Berkshire for financing as the global credit crisis makes it too difficult or costly to raise money from institutional investors.