Loan & DebtMay 20, 2026, 04:24 PM
Starbucks Completes Tender Offers, Repurchases $1.31B in Senior Notes
AI Summary
Starbucks Corporation completed its cash tender offers on May 20, 2026, repurchasing and cancelling several series of its senior notes. The company purchased a total of approximately $1.31 billion in principal amount of notes across five series. Starbucks does not intend to purchase any additional notes under these offers, and three series of notes remain unchanged.
Key Highlights
- Starbucks repurchased $321,824,000 of 4.800% Senior Notes due 2030.
- The company repurchased $273,468,000 of 4.500% Senior Notes due 2028.
- Starbucks repurchased $200,000,000 of 4.500% Senior Notes due 2048.
- The company repurchased $410,249,000 of 5.400% Senior Notes due 2035.
- Starbucks repurchased $110,351,000 of 5.000% Senior Notes due 2034.
- No 4.000% Senior Notes due 2028, 4.900% Senior Notes due 2031, or 4.800% Senior Notes due 2033 were purchased.
Price Impact
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