Starbucks said it entered into a new $3.0 billion unsecured revolving credit facility on June 13, 2025, of which $150 million may be used for letters of credit.

1. 01

   Starbucks said it entered into a new $3.0 billion unsecured revolving credit facility on June 13, 2025, of which $150 million may be used for letters of credit.

2. 02

   The company said the credit facility is scheduled to mature on June 13, 2030, and that, provided there is no default, it may ask lenders to increase the aggregate commitments by up to $1.0 billion.

3. 03

   The company said borrowings bear interest at Term SOFR-based floating rates, with the applicable margin set by its long-term credit ratings from Moody's and Standard & Poor's, and that it must maintain a minimum fixed charge coverage ratio of 2.50 to 1.

4. 04

   Starbucks said it terminated its existing Credit Agreement, as amended, with Bank of America, N.A. as Administrative Agent, dated September 16, 2021, in connection with entering into the new Five-Year Credit Agreement on June 13, 2025.

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