S&P assigns A to Hershey notes

Standard & Poor's said it assigned its A issue-level rating to Hershey Co.'s proposed three- and 10-year senior unsecured notes, the final issue amounts and coupons of which to be determined.

Net proceeds will be used for general corporate purposes, including the company’s previously announced $100 million tender offer of debentures and 4.85% notes due 2015.

As of July 5, the company had about $2 billion in reported debt outstanding.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.