Hershey in $600 Million Debt Offering
August 21, 2015
August 21, 2015
Cleary represented the underwriters, led by Citigroup Global Markets, Merrill Lynch and PNC Capital Markets, in a recent SEC-registered debt offering by The Hershey Company. The Hershey Company issued $300 million of 1.600% fixed rate notes due 2018 and $300 million of 3.200% fixed rate notes due 2025. The notes were offered for sale in the United States and abroad. The deal closed on August 21, 2015.
The Hershey Company, headquartered in Hershey, Pa., is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. Hershey has more than 22,000 employees around the world who work every day to deliver delicious, quality products. The company, which has more than 80 brands around the world that drive over $7.4 billion in annual revenues, includes such iconic brand names as Hershey’s, Reese’s, Hershey’s Kisses, Jolly Rancher, Ice Breakers and Brookside.