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Starbucks Corp Prices $750 Million Of Senior Notes


Tuesday, 3 Sep 2013 05:53pm EDT 

Starbucks Corp announced that it has priced its previously announced underwritten public offering of senior notes. The Company plans to use the net proceeds from the offering of $750 million of 3.85% Senior Notes due 2023 for general corporate purposes, which may include business expansion, payment of cash dividends on Starbucks common stock, the repurchase of common stock under the Company's ongoing share repurchase program, or financing of possible acquisitions. The offering of the notes is expected to close on September 6, 2013, subject to customary closing conditions. BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering. The offering is being made under an automatic shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on September 3, 2013. 

Company Quote

81.27
0.56 +0.69%
24 Dec 2014