Hershey Co. Files 8-K on Agreements and Obligations

TL;DR

Hershey's 8-K: Material agreements entered & terminated, new financial obligations created. Check financials.

AI Summary

On October 21, 2025, The Hershey Company filed an 8-K report indicating the entry into and termination of material definitive agreements, as well as the creation of direct financial obligations. The filing also includes financial statements and exhibits related to these events.

Why It Matters

This filing signals significant corporate actions by Hershey, potentially impacting its financial structure and contractual relationships.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and financial obligations, which can carry inherent risks and require careful investor scrutiny.

Key Numbers

• 19920703 — Date of Name Change (Hershey Foods Corp to The Hershey Company)
• 19680401 — Date of Name Change (Hershey Chocolate Corp to Hershey Foods Corp)

Key Players & Entities

• THE HERSHEY COMPANY (company) — Registrant
• Hershey Foods Corp (company) — Former Company Name
• Hershey Chocolate Corp (company) — Former Company Name
• Delaware (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $1.875 billion — nder which the Company may borrow up to $1.875 billion with the option to increase the aggrega
• $1.0 billion — gate amount of the commitments by up to $1.0 billion with the consent of the Lenders. Funds
• $1.35 billion — er which the Company could borrow up to $1.35 billion with the option to increase the aggrega
• $500 million — gate amount of the commitments by up to $500 million with the consent of the lenders. The

Filing Documents

• hsy-20251021.htm (8-K) — 34KB
• exhibit101-creditagreement.htm (EX-10.1) — 812KB
• hsy-20251021_g1.jpg (GRAPHIC) — 217KB
• 0001628280-25-045714.txt ( ) — 1552KB
• hsy-20251021.xsd (EX-101.SCH) — 2KB
• hsy-20251021_lab.xml (EX-101.LAB) — 21KB
• hsy-20251021_pre.xml (EX-101.PRE) — 12KB
• hsy-20251021_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On October 21, 2025, The Hershey Company (the "Company") entered into a new Five Year Credit Agreement (the "Credit Agreement"), dated as of October 21, 2025, with the banks, financial institutions and other institutional lenders listed on the signature pages thereof and the other lenders from time to time party thereto (the "Lenders"), Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Citibank, N.A., as co-syndication agents, Royal Bank of Canada and U.S. Bank National Association, as co-documentation agents, and BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and U.S. Bank National Association, as joint lead arrangers and joint book managers. The Credit Agreement establishes an unsecured revolving credit facility under which the Company may borrow up to $1.875 billion with the option to increase the aggregate amount of the commitments by up to $1.0 billion with the consent of the Lenders. Funds borrowed may be used for general corporate and other purposes as specified in the Credit Agreement. Advances may be repaid without penalty at any time prior to the last day of the Credit Agreement. The Credit Agreement contains a financial covenant whereby the ratio of (a) pre-tax income from continuing operations for the most recent four fiscal quarters to (b) consolidated interest expense for the most recent four fiscal quarters may not be less than 2.0 to 1.0 as of the end of each fiscal quarter. The Credit Agreement contains customary representations and warranties, affirmative and negative covenants and events of default. Payment of outstanding advances, all interest thereon and all other amounts payable under the Credit Agreement may be accelerated and the obligation of each Lender to make advances under the Credit Agreement may be terminated, in each case at the option of the Lenders holding a majority of the commitments, should the Company def

02. Termination of a Material Definitive Agreement

Item 1.02. Termination of a Material Definitive Agreement. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Five Year Credit Agreement dated as of October 21, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE HERSHEY COMPANY Date: October 21, 2025 By: /s/ James Turoff James Turoff Senior Vice President, General Counsel and Secretary