Hershey’s $750 Million Offering

May 2, 2023

Cleary Gottlieb represented the underwriters, led by BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and RBC Capital Markets, in an SEC-registered debt offering by The Hershey Company (Hershey).

Hershey issued $350 million of 4.25% notes due 2028 and $400 million of 4.5% notes due 2033. The notes were offered for sale in the United States and abroad. The offering is scheduled to close on May 4, 2023.

Hershey, headquartered in Hershey, Pennsylvania, is a global confectionary leader known for making more moments of goodness through chocolate, sweets, mints, and other great tasting snacks. Hershey is the largest producer of quality chocolate in North America, a leading snack maker in the United States, and a global leader in chocolate and non-chocolate confectionery. The company markets, sells, and distributes its products under more than 100 brand names in approximately 80 countries worldwide.