Published:
Starbucks prices $500 Million of Senior Notes
The coffee chain brand 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.
