Hershey in $250 Million Debt Offering
November 14, 2011
Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, in a recent SEC-registered debt offering by The Hershey Company. The Hershey Company issued $250 million of 1.500% fixed rate notes due 2016. The notes were offered for sale in the United States and abroad. The deal closed on November 14.
The Hershey Company is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, PA, The Hershey Company has operations throughout the world and more than 12,000 employees. With revenues of nearly $6 billion, Hershey offers confectionery products under more than 25 brand names, including such iconic brands as Hershey's, Reese's, Hershey's Kisses, Hershey's Bliss, Hershey's Special Dark and Hershey's Extra Dark, Kit Kat, Twizzlers, and Ice Breakers.