Letter Agreement Terminating 364 Day Credit Agreement between The Hershey Company and Citibank, N.A.

Summary

The Hershey Company and Citibank, N.A. have agreed to terminate their 364 Day Credit Agreement, originally entered into on June 16, 2016. As the entire $500 million credit commitment remains unused, Hershey has notified Citibank that it wishes to end the agreement effective October 24, 2016. Both parties have acknowledged and agreed to this termination in writing. This agreement formally ends Hershey's access to the unused credit facility with Citibank as of the specified date.

EX-10.1 2 hsy_20161002exhibit101.htm LETTER AGREEMENT TERMINATING THE 364 DAY CREDIT FACILITY Exhibit

Exhibit 10.1

October 20, 2016

Citibank, N.A.

1615 Brett Road, Building #3

New Castle, Delaware 19720

Account No.: 40784524

Ref: The Hershey Company

ABA# 021000089

Dear Sirs,

Reference is hereby made to the 364 Day Credit Agreement (the “Credit Agreement”), entered into on June 16, 2016, by and between The Hershey Company (“Hershey”) and Citibank, N.A., as lender and administrative agent (“Agent”). Capitalized terms used but not defined in this letter have the meaning given to such terms in the Credit Agreement.

Pursuant to Section 2.05(a) of the Credit Agreement, Hershey hereby notifies you, in your capacity as Agent, that it desires to terminate in whole the unused portions of the respective Commitments of the Lenders. Since the entire $500 million Commitment is currently unused, this will have the effect of terminating the Credit Agreement, effective October 24, 2016.

Please acknowledge your receipt of this letter agreement and your agreement to the terms set forth herein, including, without limitation, the termination date identified above, by signing and returning the enclosed copy to The Hershey Company, 100 Crystal A Drive, Hershey, Pennsylvania 17033-0810, Attention: Treasury Department



		Sincerely,

		The Hershey Company

		/s/ Bjork Hupfeld
		Bjork Hupfeld
		Treasurer

Acknowledged and Agreed:

Citibank, N.A.

/s/ Robert Kane	Date:	October 21, 2016
By: Robert Kane
Its: Vice President