Starbucks Secures New $3 Billion Five-Year Credit Agreement with Leading Financial Institutions
On June 13, 2025, Starbucks Corporation announced the establishment of a new $3.0 billion Five-Year Credit Agreement. The agreement, signed with Bank of America, N.A. as the Administrative Agent, along with a consortium of financial institutions including Citibank, Morgan Stanley, U.S. Bank, and Wells Fargo, aims to enhance the company's financial flexibility. The new credit facility replaces a previous agreement from September 16, 2021, which has been terminated in conjunction with the new arrangement. The Five-Year Credit Agreement mandates Starbucks to adhere to certain financial covenants, such as maintaining a minimum fixed charge coverage ratio of 2.50 to 1, and includes standard default provisions. This strategic financial move underscores Starbucks' commitment to maintaining strong financial health and operational agility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Starbucks Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-054811), on June 16, 2025, and is solely responsible for the information contained therein.
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