Summary by Moomoo AI
Starbucks Corporation, a leading global coffee retailer and roaster, has announced the issuance of three tranches of senior unsecured notes under its existing shelf registration. The notes, offered in varying maturities and interest rates, are expected to be utilized for general corporate purposes, which may include stock repurchases, business expansion, dividend payments, or potential acquisitions. The offering includes $% Senior Notes due , $% Senior Notes due , and $% Senior Notes due . The notes will be senior unsecured obligations, ranking equally with Starbucks' other senior unsecured debt. The offering is being managed by a syndicate of banks, including Goldman Sachs & Co. LLC, J.P. Morgan, US Bancorp, Wells Fargo Securities, BofA Securities, and Citigroup, acting as joint book-running managers. The sale of the notes is subject to market conditions, and the interest rates and other terms will be determined at the time of the offering.