Hershey’s $1.5 Billion Revolving Credit Facility

Simpson Thacher represented The Hershey Company (“Hershey”) in connection with its five year credit agreement, which established a $1.5 billion unsecured revolving credit facility, with the option to increase borrowing capacity by an additional $500 million.

Hershey is a global confectionery leader known for bringing goodness to the world through chocolate, sweets, mints, gum and other great tasting snacks. It is 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. Hershey markets, sells and distributes its products under more than 80 brand names in approximately 90 countries worldwide.

The Simpson Thacher team included Risë Norman (Picture); Chris Brown, Mark Haddox and Remy Denner (Banking and Credit); Rob Holo (Tax); and Andrew Blau and Patricia Adams (ECEB).

Involved fees earner: Patricia Adams – Simpson Thacher & Bartlett; Andrew Blau – Simpson Thacher & Bartlett; Christopher Brown – Simpson Thacher & Bartlett; Remy Denner – Simpson Thacher & Bartlett; Mark Haddox – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: The Hershey Company;

Author: Ambrogio Visconti