Starbucks said it completed a public offering on February 8, 2024 under an underwriting agreement dated February 5, 2024, under which it agreed to issue and sell 4.850% 2027 Notes $1,000,000,000, 4.900% 2031 Notes $500,000,000 and 5.000% 2034 Notes $500,000,000.

1. 01

   Starbucks said it completed a public offering on February 8, 2024 under an underwriting agreement dated February 5, 2024, under which it agreed to issue and sell 4.850% 2027 Notes $1,000,000,000, 4.900% 2031 Notes $500,000,000 and 5.000% 2034 Notes $500,000,000.

2. 02

   The company said the 4.850% Notes due 2027 will pay interest semi-annually in arrears on February 8 and August 8 from August 8, 2024, and will mature on February 8, 2027. It said it may redeem the notes before January 8, 2027 at the greater of 100% of principal or the make-whole price, plus accrued interest.

3. 03

   The company said both the 4.900% Notes due 2031 and the 5.000% Notes due 2034 will pay interest semi-annually in arrears on February 15 and August 15 beginning on August 15, 2024. The 2031 Notes will mature on February 15, 2031, and the 2034 Notes will mature on February 15, 2034.

4. 04

   The company said the Notes are senior unsecured obligations and are effectively subordinated to existing and future liabilities of its subsidiaries. It said that if a change of control triggering event occurs, it must offer to repurchase the affected series at 101% of principal.

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Original filing

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