Tag Archives: J.P. Morgan

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Starbucks Corporation priced $500 million of 2.100% Senior Notes due 2021

SEATTLE, 2016-Feb-02 — /EPR Retail News/ — Starbucks Corporation (NASDAQ: SBUX) today announced that it has priced an underwritten public offering of senior notes.  The company plans to use the net proceeds from the offering of $500 million of 2.100% Senior Notes due 2021 for general corporate purposes, which may include repurchases of Starbucks common stock under the company’s ongoing share repurchase program, business expansion, payment of cash dividends on Starbucks common stock, or the financing of possible acquisitions. The offering of the senior notes is expected to close on February 4, 2016, subject to customary closing conditions.

Goldman Sachs, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering.  The offering is being made under an automatic shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on September 3, 2013.  The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from:

Goldman Sachs
prospectus-ny@ny.email.gs.com
866-718-1649

J.P. Morgan
212-834-4533

Morgan Stanley
prospectus@morganstanley.com
866-471-2526

An electronic copy of the registration statement and prospectus supplement, together with the prospectus, is available on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Forward-Looking Statements

Certain statements contained in this release are “forward-looking statements” within the meaning of applicable securities laws and regulations, including statements about the expected closing of a public offering or senior notes and the use of proceeds of such offering. Such forward-looking statements are based on current management expectations and satisfactions of certain conditions that are subject to various risks and uncertainties, including market conditions and those risks detailed in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of the Starbucks Annual Report on Form 10-K for the fiscal year ended September 27, 2015, and the prospectus and prospectus supplement delivered in connection with the public offering of senior notes discussed in this release. The company assumes no obligation to update any of these forward-looking statements.

For more information on this news release, contact us

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Lowe’s Companies, Inc. to sell approximately $1.7 billion notes

MOORESVILLE, N.C., 2015-9-11 — /EPR Retail News/ — Lowe’s Companies, Inc. (NYSE: LOW) announced today it has agreed to sell $250 million of Floating Rate Notes due 2018, $750 million of 3.375% Notes due 2025 and $750 million of 4.375% Notes due 2045. Estimated net proceeds from this offering will be approximately $1.7 billion, after deducting offering expenses and underwriters’ discounts. Lowe’s intends to use the net proceeds from the sale of the Notes for the repayment of $500 million aggregate principal amount at maturity of its 5.000% Notes due October 15, 2015 and for other general corporate purposes. Closing is expected to occur on September 16, 2015.

J.P. Morgan, BofA Merrill Lynch and SunTrust Robinson Humphrey are acting as joint book-running managers for the notes offering. This offering was made under an effective registration statement on file with the Securities and Exchange Commission. This press release is not an offer to sell or a solicitation of an offer to buy these securities. Any offers to sell, or solicitations to buy, will be made solely by means of a prospectus and related prospectus supplement filed with the Securities and Exchange Commission. A copy of the prospectus and related prospectus supplement for this offering may be obtained from J.P. Morgan,  Attention: Investment Grade Syndicate Desk, 383 Madison Ave., New York, NY10179, Telephone: (212) 834-4533; BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, 11th Floor, New York, NY 10038, Telephone: (800) 294-1322, Email: dg.prospectus_requests@baml.com; or SunTrust Robinson Humphrey,  Attention: Prospectus Department, 303 Peachtree Street, Atlanta, GA 30308, Telephone: (800) 685-4786.

Disclosure Regarding Forward-Looking Statements

Included herein are forward-looking statements, including statements with respect to an anticipated financing. There are many factors that affect management’s views about future events and trends of the business and operations of the company, including changes to the economy and the market for the offering, all as more thoroughly described in the prospectus and related prospectus supplement and the company’s filings with the Securities and Exchange Commission. The company does not undertake any obligation to update forward-looking information included in this release or any of its public filings.

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customers a week in the United States, Canada andMexico through its stores and online at Lowes.com, Lowes.ca and Lowes.com.mx. With fiscal year 2014 sales of $56.2 billion, Lowe’s has more than 1,845 home improvement and hardware stores and 265,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

SOURCE Lowe’s Companies, Inc.