The Hershey Company announced that on October 21, 2025, it entered into a new Five-Year Credit Agreement providing an unsecured revolving credit facility of up to $1.875 billion, with the option to expand commitments by up to an additional $1.0 billion upon lender consent. The facility, arranged by Bank of America (administrative agent), JPMorgan Chase, Citibank, Royal Bank of Canada, and U.S. Bank, may be used for general corporate purposes, and borrowings can be repaid at any time without penalty.

The agreement includes a financial covenant requiring that the ratio of pre-tax income from continuing operations to consolidated interest expense be at least 2.0 to 1.0 each quarter. It also contains customary covenants and events of default, with lenders holding a majority of commitments having the right to accelerate payments or terminate lending obligations in the event of default. Hershey may extend the termination date for up to two additional one-year periods.

Simultaneously, Hershey terminated its previous $1.35 billion five-year revolving credit facility dated April 26, 2023, which allowed expansion by up to $500 million.