News • 03/09/2023
On February 9, 2022, Loop Capital Markets acted as a co-manager on a two-tranche, $2 billion fixed/floating rate senior unsecured notes offering for Starbucks Corporation. The bonds are rated Baa1/BBB+/BBB across 2-and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes which may include the repayment of outstanding indebtedness, including outstanding borrowings under their commercial paper program, the repurchase of their common stock under their ongoing share repurchase program, business expansion, payment of cash dividends, or the financing of possible acquisitions. Additionally, Starbucks may temporarily invest in short-term investments, including marketable securities.