secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001213900-25-054811
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000121390025054811/0001213900-25-054811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000121390025054811/ea0245796-8k_starbucks.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-054811

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