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Starbucks Corp.(FINANCIAL BRIEF)

Nation's Restaurant News Daily NewsFax

| March 29, 2007 | COPYRIGHT 2003 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission. (Hide copyright information)Copyright

SEATTLE -- STARBUCKS CORP. entered into an agreement to issue up to $1 billion of unsecured commercial notes to fund general corporate purposes, which include "working capital, capital expenditures, acquisitions and share repurchases," the company said Tuesday. No indication was given about potential targets of acquisitions enabled by the notes, which would be backed by the company's reputation as a borrower rather than by collateral. The notes will be offered on a private-placement basis, Starbucks …

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