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Starbucks Corp prices $750 mln of senior notes


Monday, 2 Dec 2013 07:14pm EST 

Starbucks Corp:Says that it has priced an underwritten public offering of senior notes.Says that it plans to use the net proceeds from the offering of $400 mln of 0.875% senior notes due 2016 and $350 mln of 2.000% senior notes due 2018 to fund a portion of the payment required by the previously announced arbitration award in the Kraft litigation matter.Says the remaining net proceeds from this offering will be used 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.Says the offering of the notes is expected to close on Dec. 5.Says BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering. 

Company Quote

79.44
-0.59 -0.74%
19 Dec 2014