Hershey Co.
The Hershey Company Enters New Credit Agreement and Terminates Existing One
Summary
On October 21, 2025, The Hershey Company entered into a new Five Year Credit Agreement, establishing an unsecured revolving credit facility up to $1.875 billion, with an option to increase it by up to $1.0 billion. This new agreement replaces the existing Five Year Credit Agreement dated April 26, 2023, which had a borrowing limit of up to $1.35 billion, with an option to increase by up to $500 million. The new Credit Agreement includes a financial covenant requiring a pre-tax income to interest expense ratio of at least 2.0 to 1.0. Funds under the new agreement can be used for general corporate purposes. The Credit Agreement also allows for extensions of its termination date. Detailed terms are provided in Exhibit 10.1, which is filed as part of this report.
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About Hershey Co.
Hershey Co. is a leading confectionery manufacturer primarily known for its production of chocolate and sweets. Founded in 1894 and headquartered in Hershey, Pennsylvania, the company is an iconic name in the food and beverage industry. Its primary function is to create and distribute renowned chocolate products and other confectioneries, such as Hershey's Chocolate Bars, Reese's Peanut Butter Cups, and Kit Kat Bars. Hershey Co. also diversifies its offerings with non-chocolate items, snacks, and bakery products. The company’s operations significantly impact the food production and retail industries, supplying products to a vast array of outlets including supermarkets, convenience stores, and international markets. Hershey Co. plays a crucial role in the global confectionery landscape, leveraging strong brand recognition and consumer loyalty. In the financial market, Hershey Co. is valued for its stable revenue streams and consistent market presence. It has a legacy of innovation in product development and marketing strategies, contributing to its enduring appeal and robust performance. The company's financial strength and market adaptability make it a key player in the consumer goods sector.
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