Stanley Black & Decker prices remarketing of 750K Series D convertible preferred shares for $750M

STANLEY BLACK & DECKER, INC.

Remarketing of 750,000 shares of Series D Cumulative Perpetual Convertible Preferred set to settle Nov 15, 2022.
Proceeds of $750M will fund holders' purchase contract obligations to buy common stock.
After remarketing, cumulative dividends at 7.5% annual rate ($75/share) then 9% ($90) after Dec 22, 2022 step-up.
Company intends to redeem all outstanding preferred shares for cash on December 22, 2022.
Conversion rate unchanged at 5.2263 common shares per preferred share (approx. $191.34 conversion price).

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