Stanley Black & Decker amends Series D Preferred terms, elects Dec 22 redemption

On November 15, 2022, Stanley Black & Decker, Inc. (the “Company”) filed a Certificate of Amendment to its Restated Certificate of Incorporation (the “Certificate of Amendment”). The Certificate of Amendment provides for the modification of certain terms of the Company’s Series D Cumulative Perpetual Convertible Preferred Stock, without par value, with a liquidation preference of $1,000 (the “Convertible Preferred Stock”), pursuant to a successful final remarketing (the “Remarketing”) of the Convertible Preferred Stock in accordance with the Certificate of Amendment to the Company’s Restated Certificate of Incorporation, dated November 13, 2019 (the “Original Certificate of Amendment”), and the Purchase Contract and Pledge Agreement, dated November 13, 2019, among the Company, The Bank of New York Mellon Trust Company, N.A., as purchase contract agent, and HSBC Bank USA, National Association, as collateral agent, custodial agent and securities intermediary.