secwatch.observer — SEC 8-K summary
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Issuer:     HERSHEY CO (HSY)
CIK:        0000047111
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001628280-25-045714
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 $1.875B unsecured revolving credit facility, replacing $1.35B facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/47111/000162828025045714/0001628280-25-045714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47111/000162828025045714/hsy-20251021.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-045714

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