Stanley Black & Decker issues $750M in two tranches of senior notes

STANLEY BLACK & DECKER, INC.

Issued $350M of 6.272% Notes due 2026 and $400M of 6.000% Notes due 2028.
Notes priced at 100% and 99.893% of principal; interest payable semi-annually.
Net proceeds for general corporate purposes, including repayment of commercial paper.
Notes are unsecured; change-of-control repurchase at 101% and customary covenants.
Underwriters: BofA Securities, Citigroup, J.P. Morgan, Wells Fargo.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STANLEY BLACK & DECKER, INC. entered into Eleventh Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. (effective 2023-03-06).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Effective: 2023-03-06

Exact text from the filing

The Notes were issued under an indenture, dated as of November 1, 2002 (the “ Base Indenture ”), between the Company and The Bank of New York Mellon Trust Company, N.A. (the “ Trustee ”), as successor trustee to JPMorgan Chase Bank, N.A., as supplemented by an eleventh supplemental indenture, dated as of March 6, 2023 (the “ Eleventh Supplemental Indenture ”), between the Company and the Trustee, establishing the terms of the Notes

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STANLEY BLACK & DECKER, INC. entered into Underwriting Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein valued at $350,000,000 aggregate principal amount of the Company’s 6.272% Notes due 2026 and $400,000,000 aggr (effective 2023-03-01).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein
Value: $350,000,000 aggregate principal amount of the Company’s 6.272% Notes due 2026 and $400,000,000 aggr
Effective: 2023-03-01

Exact text from the filing

the Company entered into an underwriting agreement, dated March 1, 2023 (the “ Underwriting Agreement ”), between the Company and BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “ Underwriters ”), providing for the issuance and sale by the Company to the Underwriters of the Notes.

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STANLEY BLACK & DECKER, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-061420

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