HERSHEY,
Pa., Feb. 19, 2025 /PRNewswire/ -- The Hershey
Company ("Hershey" or the "Company") (NYSE: HSY) announced
today that it is offering to sell notes in a public offering (the
"Notes Offering"). The Company intends to use the net proceeds of
the Notes Offering to repay all of its outstanding 0.900% Senior
Notes due 2025 and 3.200% Senior Notes due 2025, as well as certain
outstanding short-term commercial paper borrowings, plus in each
case, accrued and unpaid interest thereon, pay fees and expenses
related to the offering and for general corporate purposes.
A registration statement relating to the Notes Offering has been
filed with the U.S. Securities and Exchange Commission and is
effective. This press release shall not constitute an offer to sell
or an offer to buy any securities and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The Notes Offering
may be made only by means of a prospectus supplement and the
accompanying prospectus.
Copies of the prospectus supplement and the accompanying
prospectus for the Notes Offering may be obtained by contacting
BofA Securities, Inc., NC1-002-02-25, 201 North Tryon Street,
Charlotte, NC 28255-0001,
Attention: Prospectus Department, email:
dg.prospectus_requests@bofa.com, toll-free: 1 (800) 294-1322;
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, toll-free: 1 (800) 831-9146, email:
prospectus@citi.com; J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email:
prospectus-eq_fi@jpmchase.com; RBC Capital Markets, LLC,
Brookfield Place, 200 Vesey Street,
8th Floor, New York, NY 10281
toll-free: 1 (866) 375-6829, fax: 1 (212) 428-6308, email:
rbcnyfixedincomeprospectus@rbccm.com; and U.S. Bancorp Investments,
Inc., 214 North Tryon Street, 26th Floor, Charlotte, NC 28202, Attention: Debt Capital
Markets, toll-free: 1 (877) 558-2607.
About The Hershey Company
The Hershey Company is
headquartered in Hershey, Pa., and
is an industry-leading snacks company known for making more moments
of goodness through its iconic brands, remarkable people and
enduring commitment to doing the right thing for its people,
planet, and communities. Hershey has more than 20,000 employees in
the U.S. and worldwide who work daily to deliver delicious,
high-quality products. Hershey has more than 90 brand names in
approximately 80 countries, including Hershey's,
Reese's, Kisses, Kit Kat®, Jolly
Rancher, Twizzlers and Ice Breakers, and salty
snacks including SkinnyPop, Pirates Booty and
Dot's Homestyle Pretzels.
For over 130 years, Hershey has been committed to operating
fairly and ethically. The candy and snack maker's founder,
Milton Hershey, created the Milton
Hershey School in 1909, and since then, Hershey has focused on
helping children succeed through equitable access to education.
Forward-Looking Statements
Statements in this press
release may be "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Many of these
forward-looking statements can be identified by the use of words
such as "anticipate," "assume," "believe," "continue," "estimate,"
"expect," "forecast," "future," "intend," "plan," "potential,"
"predict," "project," "strategy," "target" and similar terms, and
future or conditional tense verbs like "could," "may," "might,"
"should," "will" and "would," among others. These statements are
made based upon current expectations that are subject to risk and
uncertainty. Because actual results may differ materially from
those contained in the forward-looking statements, you should not
place undue reliance on the forward-looking statements when
deciding whether to buy, sell or hold the Company's securities.
Factors that could cause results to differ materially include, but
are not limited to: disruptions or inefficiencies in our supply
chain due to the loss or disruption of essential manufacturing or
supply elements or other factors; issues or concerns related to the
quality and safety of our products, ingredients or packaging, human
and workplace rights, and other environmental, social or governance
matters; changes in raw material and other costs, along with the
availability of adequate supplies of raw materials and the
Company's ability to successfully hedge against volatility in raw
material pricing; the Company's ability to successfully execute
business continuity plans to address changes in consumer
preferences and the broader economic and operating environment;
selling price increases, including volume declines associated with
pricing elasticity; market demand for our new and existing
products; increased marketplace competition; failure to
successfully execute and integrate acquisitions, divestitures and
joint ventures; changes in governmental laws and regulations,
including taxes; political, economic, and/or financial market
conditions, including with respect to inflation, rising interest
rates, slower growth or recession, and other events beyond our
control such as the impacts on the business arising from the
conflict between Russia and
Ukraine; risks and uncertainties
related to our international operations; disruptions, failures or
security breaches of our information technology infrastructure and
that of our customers and partners (including our suppliers); our
ability to hire, engage and retain a talented global workforce, our
ability to realize expected cost savings and operating efficiencies
associated with strategic initiatives or restructuring programs;
complications with the design, implementation or usage of our new
enterprise resource planning system, including the ability to
support post-implementation efforts and maintain enhancements, new
features or modifications; and such other matters as discussed in
our Annual Report on Form 10-K for the year ended December 31, 2024 and our other filings with the
U.S. Securities and Exchange Commission from time to time. The
Company undertakes no duty to update any forward-looking statement
to conform the statement to actual results or changes in the
Company's expectations.
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SOURCE The Hershey Company
