SEATTLE--(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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Source: Starbucks Corporation