Saturday 25 May 2024
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Starbucks prices $850 million of senior notes

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TME - Cialdy Evo
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Starbucks Corporation yesterday announced that it has priced an underwritten public offering of senior notes. The company plans to use the net proceeds from the offering of $500 million of 2.700% Senior Notes due 2022 and $350 million of 4.300% Senior Notes due 2045 for general corporate purposes, which are expected primarily to include the redemption of the company’s outstanding 6.250% Senior Notes due 2017.

The net proceeds may also be used for repurchases of Starbucks common stock under the company’s ongoing share repurchase program, business expansion, payment of cash dividends on Starbucks common stock, or the financing of possible acquisitions.

La Cimbali

The offering of the senior notes is expected to close on June 10, 2015, subject to customary closing conditions.

BofA Merrill Lynch, Citigroup and Morgan Stanley are serving as the joint book-running managers of the offering.

Gimoka

The offering is being made under an automatic shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on September 3, 2013. The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from:

BofA Merrill Lynch
dg.prospectus_requests@baml.com
800-294-1322

Citigroup
prospectus@citi.com
800-831-9146

Morgan Stanley
prospectus@morganstanley.com
866-718-1649

An electronic copy of the registration statement and prospectus supplement, together with the prospectus, is available on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

CIMBALI

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