Starbucks Announces Closing of an Offering of $1 Billion of Senior Notes
November 22 2017 - 4:05PM
Business Wire
Starbucks Corporation (NASDAQ: SBUX) announced today the closing
of an underwritten public offering of $500 million of 2.200% senior
notes due 2020 and $500 million of 3.750% senior notes due
2047.
The company plans to use the net proceeds for general corporate
purposes, including repurchases of Starbucks common stock under the
company’s ongoing share repurchase program and payment of
dividends.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to
ethically sourcing and roasting high-quality arabica coffee. Today,
with stores around the globe, the company is the premier roaster
and retailer of specialty coffee in the world. Through our
unwavering commitment to excellence and our guiding principles, we
bring the unique Starbucks Experience to life for every customer
through every cup. To share in the experience, please visit us in
our stores or online at news.starbucks.com or
www.starbucks.com.
Forward-Looking
Statements
Certain statements contained in this release are
“forward-looking statements” within the meaning of applicable
securities laws and regulations, including statements about the use
of proceeds of a public offering of senior notes. Such
forward-looking statements are based on current management
expectations and satisfactions of certain conditions that are
subject to various risks and uncertainties, including market
conditions and those risks detailed in the Company’s filings with
the Securities and Exchange Commission, including the “Risk
Factors” section of the Starbucks Annual Report on Form 10-K for
the fiscal year ended October 1, 2017, and the prospectus and
prospectus supplement delivered in connection with the public
offering of senior notes discussed in this release. The company
assumes no obligation to update any of these forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20171122005585/en/
StarbucksInvestor Relations:Tom Shaw,
206-318-7118investorrelations@starbucks.comorMedia:Reggie
Borges, 206-318-7100press@starbucks.com
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