Starbucks announced the completed settlement of its cash tender offers for several series of its senior notes. The company repurchased and cancelled approximately $1.32 billion in aggregate principal amount of debt for a total cost of roughly $1.30 billion, including interest. This action concludes the tender offer, with the company stating it does not intend to purchase any additional notes.
Key Details
- Total Repurchase: Approximately $1.32 billion in aggregate principal amount of notes were accepted for purchase across five different series.
- Total Cost: The total purchase price, including accrued and unpaid interest, was approximately $1.30 billion.
- Settlement Date: The transaction settled on the Early Settlement Date, May 20, 2026.
- Excluded Notes: The company did not purchase any of its 4.000% Senior Notes due 2028, 4.900% Senior Notes due 2031, or 4.800% Senior Notes due 2033 in the tender offer.