05:44 PM EST, 02/19/2025 (MT Newswires) -- Hershey (HSY) on late Wednesday priced multiple debt offerings to raise $2 billion.

The company will make four equal offerings of $500 million consisting of 4.550% notes due 2028; 4.750% notes due 2030; 4.950% notes due 2032; and 5.100% notes due 2035.

Funds raised will be used to repay borrowings under the company's 0.900% senior notes due 2025 and 3.200% senior notes due 2025, as well as certain outstanding short-term commercial paper borrowings.

Shares of the company fell 1.8% in recent after-hours activity.

Price: 161.00, Change: -2.90, Percent Change: -1.77