Hershey intends to price fixed-rate notes in three tranches

By Devika Patel

Knoxville, Tenn., Oct. 28 – Hershey Co. plans to offer dollar-denominated fixed-rate notes in three tranches, according to a 424B3 filing with the Securities and Exchange Commission.

The notes, due in 2024, 2029 and 2049, will have a make-whole call one month prior to maturity for the 2024 notes, until three months prior to maturity for the 2029 notes and until six months prior to maturity for the 2049 notes, then par calls.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC are the bookrunners.

Proceeds will be used to repay some commercial paper and for general corporate purposes.

Based in Hershey, Pa., Hershey is a manufacturer of chocolate and non-chocolate confectionery and chocolate-related grocery products.

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