Starbucks enters new $3.0B revolving credit facility maturing June 13, 2030

STARBUCKS CORP

New $3.0B unsecured revolving credit facility with Bank of America, Citibank, and others, replacing the 2021 agreement.
Interest rate based on Term SOFR plus spread tied to credit ratings (initially Pricing Level III).
Includes a minimum fixed charge coverage ratio of 2.50 to 1 and a $150M letter of credit sublimit.
Company may request up to $1.0B increase in commitments, subject to conditions and lender approval.
Existing $3.0B credit agreement dated September 16, 2021 was terminated on June 13, 2025.

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