Hershey Enters into Short-Term Credit Agreement
In December 2006, The Hershey Company entered into a five-year credit agreement to establish an unsecured revolving credit facility enabling the Company to borrow up to $1.1 billion.
31/08/07 The Hershey Company announced that it has entered into a new short-term credit agreement to establish an unsecured revolving credit facility to borrow up to $300 million. The agreement will expire on August 22, 2008. Funds may be used for general corporate purposes.
In December 2006, The Hershey Company entered into a five-year credit agreement to establish an unsecured revolving credit facility enabling the Company to borrow up to $1.1 billion. Due to seasonal working capital needs, share repurchases, and other business activities, the Company expects short- term borrowings to exceed $1.1 billion from time to time during the next twelve months.
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