Starbucks Launches $2 Billion Senior Notes Offering

Starbucks (SBUX) has released an update.

Starbucks Corporation successfully issued a total of $2 billion in senior notes through a public offering, underwritten by major financial institutions like Goldman Sachs and J.P. Morgan. The offering included diverse maturities: $1 billion due in 2027 at 4.850%, $500 million due in 2031 at 4.900%, and $500 million due in 2034 at 5.000%. Starbucks reserves the right to redeem these notes before maturity at specified terms. These senior unsecured obligations are on par with Starbucks’ other senior debts and come with certain covenants and events of default as stipulated in the Indenture agreements.

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For a comprehensive understanding of the announcement, you can read the full document here.