secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0000829224-23-000030
Event type: debt
Sentiment:  neutral
Materiality: 0.10
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000030/0000829224-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922423000030/sbux-20230417.htm
  HTML page:      https://secwatch.observer/filing/0000829224-23-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer