Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HERSHEY CO incurred revolving credit of $1.35 billion with Bank of America, N.A., JPMorgan Chase Bank, N.A., Citibank, N.A., and others at Not specified maturing Five-year maturity, due April 26, 2028, with option to extend for up to two additional one-year periods.
- Instrument
- revolving credit
- Principal
- $1.35 billion
- Counterparty
- Bank of America, N.A., JPMorgan Chase Bank, N.A., Citibank, N.A., and others
- Rate
- Not specified
- Maturity
- Five-year maturity, due April 26, 2028, with option to extend for up to two additional one-year periods
- Event
- incurrence
Exact text from the filing
On April 26, 2023, The Hershey Company (the “Company”) entered into a new Five Year Credit Agreement (the “Credit Agreement”), dated as of April 26, 2023, with the banks, financial institutions and other institutional lenders listed on the signature pages thereof and the other lenders from time to time party thereto (the “Lenders”), Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Citibank, N.A., as syndication agents, Royal Bank of Canada, as documentation agent, and BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and U.S. Bank National Association, as joint lead arrangers and joint book managers. The Credit Agreement establishes an unsecured revolving credit facility under which the Company may borrow up to $1.35 billion with the option to increase borrowings by an additional $500 million with the concurrence of the Lenders.
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