Hershey Prices $2 Billion of Notes in Four Tranches
19 East Hershey Building, 19, East Chocolate Avenue, Spring Creek Manor, Hershey, Derry Township, Dauphin County, Pennsylvania, 17036, United States
Hershey
CONFIRMED89% CONFIDENCEStated as firm: the pricing release is datelined "HERSHEY, Pa., Feb. 19, 2025 /PRNewswire/" and stamped 17:18 ET (22:18 UTC); the 8-K says Hershey "entered into a Pricing Agreement" on February 19, 2025.[1]
Hershey sold $2 billion of bonds in four $500 million tranches due 2028 to 2035 at coupons of 4.55% to 5.10%, to repay $600 million of notes maturing in 2025 and some commercial paper.