Fitch applies A to Starbucks notes

Fitch Ratings said it assigned an A rating to Starbucks Corp.’s proposed $500 million aggregate issuance of five-year fixed-rate senior unsecured notes.

At Dec. 27, Starbucks had about $2.3 billion of total debt

The notes will be issued under Starbucks' Aug. 23, 2007 indenture and will rank equally with existing senior unsecured debt. Terms include a change of control triggering event provision.

Proceeds will be used for general corporate purposes.

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