secwatch.observer — SEC 8-K summary
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Issuer:     HERSHEY CO (HSY)
CIK:        0000047111
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000047111-23-000026
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hershey enters new $1.35B five-year credit facility, replaces prior 2019 agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/47111/000004711123000026/0000047111-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47111/000004711123000026/hsy-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000047111-23-000026

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