Simpson Thacher represented The Hershey Company (the “Company”) in an offering of $500 million aggregate principal amount of its 4.550% Notes due 2028, $500 million aggregate principal amount of its 4.750% Notes due 2030, $500 million aggregate principal amount of its 4.950% Notes due 2032 and $500 million aggregate principal amount of its 5.100% Notes due 2035. The proceeds of the offering, together with cash on hand, will be used to repay all of the Company's outstanding 0.900% Senior Notes due 2025 and 3.200% Senior Notes due 2025, plus, in each case, accrued and unpaid interest thereon, pay fees and expenses related to the offering and for general corporate purposes.
The Hershey Company is a global confectionery leader known for making more moments of goodness through chocolate, sweets, mints and other great tasting snacks. They are the largest producer of quality chocolate in North America, a leading snack maker in the United States and a global leader in chocolate and non-chocolate confectionery. They market, sell and distribute their products under more than 90 brand names in approximately 70 countries worldwide.
The Simpson Thacher team for the transaction included Jonathan Ozner, Christopher Flynn and Francisca Johanek (Capital Markets); Jonathan Cantor and Michael Leitner (Tax); Michael R. Isby (Environmental); Pasco Struhs (Executive Compensation and Employee Benefits); and Christine Song (Intellectual Property).