Core Viewpoint - The Hershey Company announced a public offering of $2 billion in notes with varying interest rates and maturities, intending to use the proceeds for debt repayment and general corporate purposes [1][2]. Group 1: Notes Offering Details - The company is offering $500 million of 4.550% notes due 2028, $500 million of 4.750% notes due 2030, $500 million of 4.950% notes due 2032, and $500 million of 5.100% notes due 2035 [1]. - The net proceeds will be used to repay all outstanding 0.900% Senior Notes and 3.200% Senior Notes, as well as certain short-term commercial paper borrowings, including accrued and unpaid interest [1]. Group 2: Regulatory and Contact Information - A registration statement for the Notes Offering has been filed with the U.S. Securities and Exchange Commission and is effective [2]. - Copies of the prospectus supplement and accompanying prospectus can be obtained from various financial institutions, including BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, RBC Capital Markets, and U.S. Bancorp Investments [3]. Group 3: Company Overview - The Hershey Company is an industry-leading snacks company headquartered in Hershey, Pennsylvania, known for its iconic brands and commitment to ethical operations [4][5]. - The company employs over 20,000 people globally and offers more than 90 brand names in approximately 80 countries, including popular products like Hershey's, Reese's, and Kit Kat [4].
The Hershey Company Announces Pricing of $500,000,000 4.550% Notes Due 2028, $500,000,000 4.750% Notes Due 2030, $500,000,000 4.950% Notes Due 2032 and $500,000,000 5.100% Notes Due 2035