Boyu Capital Pursues $1.4 Billion Loan for Starbucks China Stake

Boyu Capital is in talks with banks to secure a loan of roughly $1.4 billion to fund its acquisition of a majority stake in Starbucks Corp.'s China business, according to sources familiar with the matter. These sources, who requested anonymity due to the sensitivity of the negotiations, suggest that Chinese banks are expected to spearhead the financing. The deal may be structured as a yuan-denominated onshore loan. As discussions are ongoing, the terms and structure remain subject to change.