debt
confidence high
sentiment neutral
materiality 0.60
Hershey prices $2B of notes in four tranches; proceeds to refinance near-term debt
HERSHEY CO
- Total offering of $2B: $500M 4.550% notes due 2028, $500M 4.750% notes due 2030, $500M 4.950% notes due 2032, $500M 5.100% notes due 2035.
- Net proceeds to repay outstanding 0.900% Senior Notes due 2025, 3.200% Senior Notes due 2025, and commercial paper.
- Pricing and underwriting finalized with BofA Securities, Citigroup, J.P. Morgan, RBC Capital Markets, and U.S. Bancorp Investments.
- Offering made under effective shelf registration statement on Form S-3 (File No. 333-279759).