{"schema_version":"secwatch.filing_event.v1","accession":"0000047111-23-000026","form_type":"8-K","ticker":"HSY","cik":"0000047111","company_name":"HERSHEY CO","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.865490+00:00","generated_at":"2026-06-16T14:11:33.300502+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Hershey enters new $1.35B five-year credit facility, replaces prior 2019 agreement","bullets":["New unsecured revolving credit facility of $1.35B with option to increase by $500M.","Replaces prior $1.35B facility dated July 2, 2019; terminated same day.","Financial covenant: pre-tax income to interest expense ratio not less than 2.0:1.0.","Termination date can be extended for up to two additional one-year periods.","Proceeds for general corporate purposes; customary representations and covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0000047111-23-000026","json":"https://secwatch.observer/filing/0000047111-23-000026.json","markdown":"https://secwatch.observer/filing/0000047111-23-000026.md","text":"https://secwatch.observer/filing/0000047111-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/47111/000004711123000026/0000047111-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/47111/000004711123000026/hsy-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:11:33.300502+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d48d2f3210b282bc2c670c1aaa59622f0a9e9c74","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/47111/000004711123000026/0000047111-23-000026-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.35 billion"},{"label":"Counterparty","value":"Bank of America, N.A., JPMorgan Chase Bank, N.A., Citibank, N.A., and others"},{"label":"Rate","value":"Not specified"},{"label":"Maturity","value":"Five-year maturity, due April 26, 2028, with option to extend for up to two additional one-year periods"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}