secwatch.observer — SEC 8-K summary
======================================

Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001193125-22-282946
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312522282946/0001193125-22-282946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312522282946/d593652d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-282946

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer