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Starbucks plans to price fixed-rate senior notes in three tranches
By Devika Patel
Knoxville, Tenn., March 10 – Starbucks Corp. is expected to sell dollar-denominated fixed-rate senior notes in three tranches, according to a 424B5 filing with the Securities and Exchange Commission.
The notes have a make-whole call and are then redeemable at par.
BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc. and Citigroup Global Markets Inc. are the bookrunners.
Proceeds will be used for general corporate purposes.
Starbucks is a Seattle-based specialty coffee retailer.
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