Item 1.01. Entry into a Material Definitive Agreement.
OnMay 27, 2020 ,The Hershey Company (the "Registrant") entered into a Pricing Agreement (the "Pricing Agreement") withBofA Securities, Inc. , Citigroup Global Markets Inc.,J.P. Morgan Securities LLC andRBC Capital Markets, LLC , as representatives of the several underwriters listed in Schedule I to the Pricing Agreement (the "Underwriters"), pursuant to which the Registrant has agreed to sell to the Underwriters, and the Underwriters have agreed to purchase from the Registrant,$300,000,000 aggregate principal amount of 0.900% Notes dueJune 1, 2025 (the "2025 Notes"),$350,000,000 aggregate principal amount of 1.700% Notes dueJune 1, 2030 (the "2030 Notes") and$350,000,000 aggregate principal amount of 2.650% Notes dueJune 1, 2050 (together with the 2025 Notes and the 2030 Notes, the "Notes"). The Pricing Agreement incorporates by reference the terms and conditions of the Underwriting Agreement, datedMay 27, 2020 (the "Underwriting Agreement"), between the Registrant and, as to the issuance and sale of the Notes, the Underwriters. The Registrant is offering and selling the Notes under the Registrant's Registration Statement on Form S-3 (File No. 333-225303), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Registrant's debt securities. The Registrant intends to use the net proceeds of the offering to repay a portion of the commercial paper it has issued, pay fees and expenses related to the offering and for general corporate purposes. The foregoing descriptions of the Pricing Agreement and the Underwriting Agreement are qualified by reference to the respective agreements, copies of which are attached hereto as Exhibit 1.1 and 1.2, respectively, and incorporated by reference herein. Further information concerning the Notes and related matters is set forth in the Registrant's Prospectus Supplement datedMay 27, 2020 , which was filed with theSecurities and Exchange Commission onMay 28, 2020 (the "Prospectus Supplement"). In the ordinary course of their respective businesses, the Underwriters and their affiliates may have engaged, and may in the future engage, in commercial banking and/or investment banking transactions with the Registrant and its affiliates for which they have in the past received, and may in the future receive, customary fees. Affiliates of certain of the Underwriters are lenders under the Registrant's existing credit agreements. Item 8.01. Other Events. OnMay 27, 2020 , the Registrant issued a press release announcing the pricing of the Notes in a public offering. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 Pricing Agreement,
dated
Registrant and the
Underwriters
1.2 Underwriting
Agreement, dated
Registrant and, as to
the issuance and sale of the Notes, the
Underwriters 99.1 Press Release dated
the Notes 104 Cover Page
Interactive Data File (embedded within the Inline
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