Cleary Gottlieb represented Starbucks in the refinancing of its existing $2 billion senior unsecured five-year syndicated revolving credit facility and $1 billion senior unsecured 364-day syndicated revolving credit facility into a new $3 billion senior unsecured five-year syndicated revolving credit facility.
The transaction closed on September 16, 2021. Bank of America N.A. served as administrative agent.
Starbucks is the premier roaster, marketer, and retailer of specialty coffee, operating in 83 markets around the world. As of September 27, 2020, it had more than 32,000 company-operated and licensed stores.