Founded in 1894 and headquartered in Hershey, Pennsylvania, The Hershey Company is a leading global confectionery manufacturer known for crafting innovative chocolate and non-chocolate sweets. The company’s portfolio includes iconic brands such as Hershey's, Reese's, Kit Kat, and Jolly Rancher, catering to a diverse consumer base across multiple markets.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Hershey has a long-standing history with bond issuances, having issued its first bonds in the early 1990s to fund acquisitions and capital projects. A notable issuance came in 2018 when the company raised $500 million with a 2.95% yield to support its ongoing initiatives, which included expanding its product lineup. Current bond yields are competitive within the industry, reflecting Hershey's strong credit ratings and solid financial performance. The company regularly engages in strategic refinancing to optimize its capital structure, which reinforces its commitment to maintaining investor confidence and financial stability.