Starbucks intends to sell fixed-rate senior notes in three parts

By Devika Patel

Knoxville, Tenn., May 4 – Starbucks Corp. is expected to sell 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., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including debt repayment.

Starbucks is a Seattle-based specialty coffee retailer.

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