{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-046483","form_type":"8-K","ticker":"SWK","cik":"0000093556","company_name":"STANLEY BLACK & DECKER, INC.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.649619+00:00","generated_at":"2026-06-19T03:53:49.649855+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Stanley Black & Decker Amends Credit Agreements to Adjust EBITDA and Interest Coverage Covenants","bullets":["Amended $1.5B 364-day, $500M 364-day, and 5-year credit agreements on Feb 23, 2023.","EBITDA definition expanded to allow addbacks for restructuring, M&A, Russia closure, and other charges up to $500M per period.","Interest coverage ratio requirement reduced from 3.50x to 1.50x for four fiscal quarters ending Q3 2023 through Q2 2024.","Lenders received a one-time amendment fee of 3 basis points of their commitment.","Amendments involve Citibank as agent and multiple lenders including Bank of America, JPMorgan, Wells Fargo."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-046483","json":"https://secwatch.observer/filing/0001193125-23-046483.json","markdown":"https://secwatch.observer/filing/0001193125-23-046483.md","text":"https://secwatch.observer/filing/0001193125-23-046483.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/93556/000119312523046483/0001193125-23-046483-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/93556/000119312523046483/d309522d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:53:49.649855+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d7cbdd5e773709b3b3d12e33513f91f9c1c1f06","claim":"STANLEY BLACK & DECKER, INC. amended Amendment No. 1 to $1,500,000,000 364-Day Credit Agreement with Citibank, N.A., as administrative agent for the lenders valued at Amends definition of EBITDA to permit certain adjustment addbacks up to $500 million per Adjustment (effective 2023-02-23).","evidence_excerpt":"On February 23, 2023, the Company, the lenders identified on the signature pages thereto, and Citibank, N.A., as agent for the lenders, entered into (i) Amendment No. 1 to the $1,500,000,000 364-Day Credit Agreement, which amends the Syndicated 364-Day Credit Agreement (“ Amendment No. 1 to Syndicated 364-Day Credit Agreement ”), (ii) Amendment No. 1 to the $500,000,000 364-Day Credit Agreement, which amends the Club 364-Day Credit Agreement (“ Amendment No. 1 to Club 364-Day Credit Agreement ”), and (iii) Amendment No. 2 to the Amended and Restated Five Year Credit Agreement, which amends the 5-Year Credit Agreement (“ Amendment No. 2 to 5-Year Credit Agreement ” and, together with Amendment No. 1 to Syndicated 364-Day Credit Agreement and Amendment No. 1 to Club 364-Day Credit Agreement, the “ Amendments ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/93556/000119312523046483/0001193125-23-046483-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent for the lenders"},{"label":"Value","value":"Amends definition of EBITDA to permit certain adjustment addbacks up to $500 million per Adjustment"},{"label":"Effective","value":"2023-02-23"}],"fact_type":"material_agreement"},{"claim_id":"21c28891951510b8a336fac09801ae5b897d96d5","claim":"STANLEY BLACK & DECKER, INC. amended Amendment No. 1 to $500,000,000 364-Day Credit Agreement with Citibank, N.A., as administrative agent for the lenders valued at Amends definition of EBITDA to permit certain adjustment addbacks up to $500 million per Adjustment (effective 2023-02-23).","evidence_excerpt":"On February 23, 2023, the Company, the lenders identified on the signature pages thereto, and Citibank, N.A., as agent for the lenders, entered into (i) Amendment No. 1 to the $1,500,000,000 364-Day Credit Agreement, which amends the Syndicated 364-Day Credit Agreement (“ Amendment No. 1 to Syndicated 364-Day Credit Agreement ”), (ii) Amendment No. 1 to the $500,000,000 364-Day Credit Agreement, which amends the Club 364-Day Credit Agreement (“ Amendment No. 1 to Club 364-Day Credit Agreement ”), and (iii) Amendment No. 2 to the Amended and Restated Five Year Credit Agreement, which amends the 5-Year Credit Agreement (“ Amendment No. 2 to 5-Year Credit Agreement ” and, together with Amendment No. 1 to Syndicated 364-Day Credit Agreement and Amendment No. 1 to Club 364-Day Credit Agreement, the “ Amendments ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/93556/000119312523046483/0001193125-23-046483-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent for the lenders"},{"label":"Value","value":"Amends definition of EBITDA to permit certain adjustment addbacks up to $500 million per Adjustment"},{"label":"Effective","value":"2023-02-23"}],"fact_type":"material_agreement"},{"claim_id":"ab65cc87f0a045cf528e0d267e42901de11f7dad","claim":"STANLEY BLACK & DECKER, INC. amended Amendment No. 2 to Amended and Restated Five Year Credit Agreement with Citibank, N.A., as administrative agent for the lenders valued at Amends definition of EBITDA to permit certain adjustment addbacks up to $500 million per Adjustment (effective 2023-02-23).","evidence_excerpt":"On February 23, 2023, the Company, the lenders identified on the signature pages thereto, and Citibank, N.A., as agent for the lenders, entered into (i) Amendment No. 1 to the $1,500,000,000 364-Day Credit Agreement, which amends the Syndicated 364-Day Credit Agreement (“ Amendment No. 1 to Syndicated 364-Day Credit Agreement ”), (ii) Amendment No. 1 to the $500,000,000 364-Day Credit Agreement, which amends the Club 364-Day Credit Agreement (“ Amendment No. 1 to Club 364-Day Credit Agreement ”), and (iii) Amendment No. 2 to the Amended and Restated Five Year Credit Agreement, which amends the 5-Year Credit Agreement (“ Amendment No. 2 to 5-Year Credit Agreement ” and, together with Amendment No. 1 to Syndicated 364-Day Credit Agreement and Amendment No. 1 to Club 364-Day Credit Agreement, the “ Amendments ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/93556/000119312523046483/0001193125-23-046483-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent for the lenders"},{"label":"Value","value":"Amends definition of EBITDA to permit certain adjustment addbacks up to $500 million per Adjustment"},{"label":"Effective","value":"2023-02-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}