---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-045714"
form_type: "8-K"
ticker: "HSY"
cik: "0000047111"
company_name: "HERSHEY CO"
filed_at: "2025-10-21T23:59:59+00:00"
generated_at: "2026-05-17T03:07:58.842782+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hershey enters $1.875B unsecured revolving credit facility, replacing $1.35B facility

## Summary
- New five-year unsecured revolving credit facility for up to $1.875B, with option to increase by $1.0B.
- Replaces prior $1.35B facility dated April 26, 2023; terminated concurrently on October 21, 2025.
- Financial covenant requires pre-tax income to interest coverage ratio of at least 2.0x each fiscal quarter.
- Credit agreement allows up to two additional one-year extensions upon notice by the Company.

## SEC filing metadata
- accession: 0001628280-25-045714
- form_type: 8-K
- ticker: HSY
- cik: 0000047111
- company_name: HERSHEY CO
- filed_at: 2025-10-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/47111/000162828025045714/0001628280-25-045714-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47111/000162828025045714/hsy-20251021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-045714
- JSON: https://secwatch.observer/filing/0001628280-25-045714.json
- Plain text: https://secwatch.observer/filing/0001628280-25-045714.txt

## Source-grounded claims
- claim_id: 6d57d5661f44d668eda3a1417ae3ce924ec8256f
  claim: HERSHEY CO incurred revolving credit of up to $1.875 billion with Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Citibank, N.A., as co-syndication agents, Royal Bank of Canada and U.S. Bank National Association, as co-documentation agents.
  evidence_excerpt: On October 21, 2025, The Hershey Company (the “Company”) entered into a new Five Year Credit Agreement (the “Credit Agreement”), dated as of October 21, 2025, 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 co-syndication agents, Royal Bank of Canada and U.S. Bank National Association, as co-documentation agents, 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 $1.875 billion with the option to increase the aggregate amount of the commitments by up to $1.0 billion with the consent of the Lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/47111/000162828025045714/0001628280-25-045714-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.