Starbucks Corporation has announced the pricing of a series of Senior Notes on February 5, 2024, totaling $2 billion. The offering includes $1 billion of 4.850% Senior Notes due in 2027, $500 million of 4.900% Senior Notes due in 2031, and another $500 million of 5.000% Senior Notes due in 2034. The trade date for these notes is set for February 5, 2024, with a settlement date of February 8, 2024. The notes are rated Baa1 by Moody's and BBB+ by S&P, both with a stable outlook. The offering is registered with the SEC and the notes are senior unsecured obligations of the company. A consortium of banks, including Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, are serving as the joint book-running managers for the transaction. The notes are redeemable at...Show More

Starbucks Corporation has announced the pricing of a series of Senior Notes on February 5, 2024, totaling $2 billion. The offering includes $1 billion of 4.850% Senior Notes due in 2027, $500 million of 4.900% Senior Notes due in 2031, and another $500 million of 5.000% Senior Notes due in 2034. The trade date for these notes is set for February 5, 2024, with a settlement date of February 8, 2024. The notes are rated Baa1 by Moody's and BBB+ by S&P, both with a stable outlook. The offering is registered with the SEC and the notes are senior unsecured obligations of the company. A consortium of banks, including Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, are serving as the joint book-running managers for the transaction. The notes are redeemable at the issuer's option before their respective maturity dates, with specific terms outlined for each series. Additionally, in the event of a change of control triggering event, Starbucks will be required to offer to repurchase the notes at a price of 101% of the principal amount plus accrued and unpaid interest, unless they choose to redeem them beforehand.