June 22 (Reuters) - Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N
* Berkshire hathaway announces agreement to invest in home capital
* Berkshire hathaway - columbia insurance company to make initial investment of c$153.2 million to acquire 16 million shares of home capital group on private placement basis
* Berkshire hathaway inc - berkshire will not be granted any rights to nominate directors of home capital
* Berkshire hathaway - columbia insurance co also agreed to make additional investment of c$246.8 million to buy about 24 million common shares of home capital
* Berkshire hathaway - concurrently with execution of investment agreement, home capital agreed to enter into new c$2 billion loan facility with wholly-owned subsidiary of berkshire
* Berkshire hathaway says new credit agreement will replace c$2 billion loan facility made as of may 1, between home trust co, and major institutional investor
* Berkshire hathaway - columbia insurance co's new investment along with its initial investment, would represent about 38.39% equity stake in home capital
* Berkshire hathaway - for as long as it owns more than 25% of outstanding shares it will be entitled to vote shares representing 25% of outstanding shares
* Berkshire hathaway - unit to acquire 16 million common shares of home capital, representing about 19.99% equity stake in home capital on a post-issuance basis
* Says common shares of home capital group inc will be acquired for investment purposes
* Berkshire hathaway inc - initial investment will not require approval of home capital's shareholders and is expected to close on june 29, 2017 Source text for Eikon: ID:nBw8SQFvGa Further company coverage: BRKa.N