Starbucks completes tender offer, buys back $1.32 billion of notes

• Starbucks completed settlement of its cash tender offers on May 20, 2026, buying back USD 1.32 billion of senior notes for USD 1.3 billion including accrued interest.
• The largest repurchases were USD 410.25 million of 5.4% Senior Notes due 2035, USD 321.82 million of 4.8% Senior Notes due 2030, USD 273.47 million of 4.5% Senior Notes due 2028.
• Remaining balances included USD 178.18 million of the 4.8% Senior Notes due 2030, USD 89.75 million of the 5.4% Senior Notes due 2035, USD 800 million of the 4.5% Senior Notes due 2048.
• No notes were purchased in the 4% Senior Notes due 2028, 4.9% Senior Notes due 2031, 4.8% Senior Notes due 2033, leaving those series unchanged.
• Early settlement was elected, with no additional purchases planned.

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