IPO - STARBUCKS CORP

Form Type: 8-K

Filing Date: 2025-05-08

Corporate Action: Ipo

Type: New

Accession Number: 000121390025041096

Filing Summary: On May 8, 2025, Starbucks Corporation completed a public offering under an underwriting agreement made on May 6, 2025. The offering included the issuance of $750 million in 4.500% Senior Notes due 2028, $500 million in 4.800% Senior Notes due 2030, and $500 million in 5.400% Senior Notes due 2035. The notes will pay interest semi-annually, starting on November 15, 2025, with various conditions for redemption prior to their maturity dates. They will rank equally with the company's other senior unsecured debt and are subject to standard covenants and events of default as outlined in the related indenture documents. This action is part of Starbucks's strategy to raise capital through debt securities.