---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-23-000030"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:57:13.174896+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Starbucks amends $3B credit facility to replace LIBOR with Term SOFR

## Summary
- Amendment replaces ICE LIBOR with Term SOFR as the interest rate benchmark; all other terms unchanged.
- Revolving credit facility remains at $3.0 billion with same lenders, maturity, and covenants.
- Amendment effective April 17, 2023, applies to new loans; existing LIBOR loans continue until their current interest period ends.

## SEC filing metadata
- accession: 0000829224-23-000030
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922423000030/0000829224-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922423000030/sbux-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-23-000030
- JSON: https://secwatch.observer/filing/0000829224-23-000030.json
- Plain text: https://secwatch.observer/filing/0000829224-23-000030.txt

## Key facts
- Material Agreements
  STARBUCKS CORP amended Amendment with the lenders parties thereto and Bank of America, N.A. (effective 2023-04-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the lenders parties thereto and Bank of America, N.A.
  - Effective: 2023-04-17
  source text: On April 17, 2023, Starbucks Corporation (the “Company”) entered into an amendment (the “Amendment”) to its existing Credit Agreement dated September 16, 2021 (as previously amended, the “Credit Agreement”) with the lenders parties thereto (the “Lenders”) and Bank of America, N.A., in its capacity as Administrative Agent for the Lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000082922423000030/0000829224-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.