Stanley Black & Decker remarks $750M Series D Convertible Preferred; intends to add dividend and redeem Dec 22

STANLEY BLACK & DECKER, INC.

Remarketing of $750M Series D Convertible Preferred Stock (liquidation preference $1,000/share) initiated.
If remarketing succeeds, dividend rate will rise from 0%; Dec 22, 2022 remains earliest redemption date.
Proceeds will fund Corporate Unit holders' obligation to buy $750M of common stock on Nov 15, 2022.
Post-remarketing, holders gain optional conversion right into cash, stock, or combination (previously only on fundamental change).
Current conversion rate: 5.2263 shares of common per preferred share (conversion price ~$191.34).

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