HERSHEY,
Pa., May 1, 2023 /PRNewswire/ -- The Hershey
Company (NYSE: HSY) announced today that it is offering to sell
notes in a public offering (the "Notes Offering"). The Hershey
Company intends to use the net proceeds of the Notes Offering to
repay all of its outstanding 2.625% Senior Notes due 2023 and
3.375% Senior Notes due 2023, 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., NC1-004-03-43, 200 North College Street, 3rd
floor, 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, Attn: Prospectus Department, 1155 Long Island
Avenue, Edgewood, NY 11717, or by
telephone: 1-866-803-9204; and RBC Capital Markets, LLC,
Brookfield Place, 200 Vesey Street,
8th Floor, New York, NY 10281
toll-free: (866) 375-6829, fax: (212) 428-6308, email:
rbcnyfixedincomeprospectus@rbccm.com.
About The Hershey Company
The Hershey Company is
headquartered in Hershey, Pa., and
is an industry-leading snacks company known for bringing goodness
to the world through its iconic brands, remarkable people and
enduring commitment to help children succeed. Hershey has
approximately 19,000 employees around the world who work every day
to deliver delicious, quality products. The company has more than
100 brand names in approximately 80 countries that drive more than
$10 billion in annual revenues,
including such iconic brand names as Hershey's,
Reese's, Kit Kat®, Jolly Rancher and Ice
Breakers, and fast-growing salty snacks including
SkinnyPop, Pirate's Booty and Dot's Homestyle
Pretzels.
For more than 125 years, Hershey has been committed to operating
fairly, ethically and sustainably. Hershey founder, Milton Hershey, created the Milton Hershey
School in 1909 and since then the company has focused on helping
children succeed.
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: 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; disruptions or inefficiencies in our supply chain due to
the loss or disruption of essential manufacturing or supply
elements or other factors; our ability to hire, engage and retain a
talented global workforce; climate change and other environmental
impacts, and increased focus and evolving views of our customers,
stockholders and other stakeholders on climate change issues;
changes in raw material and other costs, along with the
availability of adequate supplies of raw materials; 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; risks
and uncertainties related to our international operations; our
ability to realize expected cost savings and operating efficiencies
associated with strategic initiatives or restructuring programs;
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; disruptions, failures or security
breaches of our information technology infrastructure and that of
our customers and partners (including our suppliers); complications
with the design or implementation of our new enterprise resource
planning system; and such other matters as discussed in our Annual
Report on Form 10-K for the year ended December 31, 2022. 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