Starbucks Prices $500 Million of Senior Notes
OREANDA-NEWS Starbucks Corporation (NASDAQ: SBUX) today 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 2.100% Senior Notes due 2021 for general corporate purposes, which may include 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. The offering of the senior notes is expected to close on February 4, 2016, subject to customary closing conditions.
Goldman Sachs, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering. 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:
Goldman Sachs
866-718-1649
J.P. Morgan
212-834-4533
Morgan Stanley
866-471-2526
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.
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