Hershey entered into a Pricing Agreement with BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, RBC Capital Markets and U.S. Bancorp Investments as underwriter representatives on February 19, 2025.

1. 01

   Hershey entered into a Pricing Agreement with BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, RBC Capital Markets and U.S. Bancorp Investments as underwriter representatives on February 19, 2025.

2. 02

   The company agreed to sell to the underwriters 4.550% notes due 2028, 4.750% notes due 2030, 4.950% notes due 2032 and 5.100% notes due 2035, with each series at a principal amount of $500,000,000.

3. 03

   The company said it plans to use the net proceeds to repay all of its outstanding 0.900% Senior Notes due 2025 and 3.200% Senior Notes, as well as certain outstanding short-term commercial paper borrowings, plus accrued and unpaid interest on each. It also plans to use the proceeds to pay fees and expenses related to the offering and for general corporate purposes.

4. 04

   The company said it is issuing the notes under Form S-3 registration statement (File No. 333-279759) and released press releases on February 19, 2025 announcing the launch of the offering and the pricing of the notes.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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