The Hershey Company Completes $800 Million Debt Offering
08.09.16
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Simpson Thacher represented The Hershey Company in an offering of $500 million aggregate principal amount of its 2.3% Notes due 2026 and $300 million aggregate principal amount of its 3.375% Notes due 2046. The proceeds of the offering will be used to repay at maturity its $250 million aggregate principal amount of 5.45% Notes due 2016 and its $250 million aggregate principal amount of 1.5% Notes due 2016, to fund its acquisition of Ripple Brand Collective, LLC and pay related fees and expenses and for general corporate purposes.
The Hershey Company is the largest producer of quality chocolate in North America and a global leader in chocolate and non-chocolate confectionery.
The Simpson Thacher team for the transaction included Risë B. Norman, John O’Connell and Kathryn Crumbaugh (Capital Markets); Jonathan Cantor and Andrew B. Purcell (Tax); Michael R. Isby (Environmental); Larry Moss and Jennifer Pepin (ECEB); and Amber Harezlak (Intellectual Property).