Friday 19 July 2024
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Starbucks Corporation announces closing of an offering of senior notes

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SEATTLE, U.S. – Starbucks Corporation (NASDAQ: SBUX) announced yesterday the closing of an underwritten public offering of $500 million of 2.200% senior notes due 2020 and $500 million of 3.750% senior notes due 2047.

The company plans to use the net proceeds for general corporate purposes, including repurchases of Starbucks common stock under the company’s ongoing share repurchase program and payment of dividends.

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