---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-231513"
form_type: "8-K"
ticker: "SWK"
cik: "0000093556"
company_name: "STANLEY BLACK & DECKER, INC."
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:29:31.946025+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Stanley Black & Decker enters $1.5B 364-day credit facility, replaces prior agreements

## Summary
- New $1.5B syndicated 364-day revolving credit agreement dated Sept 6, 2023; no borrowings drawn at closing.
- Facility matures Sept 4, 2024, with option to convert outstanding advances into a term loan due one year later.
- Interest margins tied to credit ratings: EURIBOR margin ranges 0.750%–1.250%; Term SOFR margin ranges 0.850%–1.350%.
- Two prior 364-day credit agreements (Sept 2022) terminated upon entry into new facility.
- Covenants include maintenance of interest coverage ratio and restrictions on liens, mergers, and sale-leasebacks.

## SEC filing metadata
- accession: 0001193125-23-231513
- form_type: 8-K
- ticker: SWK
- cik: 0000093556
- company_name: STANLEY BLACK & DECKER, INC.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93556/000119312523231513/0001193125-23-231513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93556/000119312523231513/d550086d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-231513
- JSON: https://secwatch.observer/filing/0001193125-23-231513.json
- Plain text: https://secwatch.observer/filing/0001193125-23-231513.txt

## Key facts
- Material Agreements
  STANLEY BLACK & DECKER, INC. entered into Syndicated 364-Day Credit Agreement with each of the initial lenders named therein, Citibank, N.A., as administrative agent valued at $1.5 billion (effective 2023-09-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: each of the initial lenders named therein, Citibank, N.A., as administrative agent
  - Value: $1.5 billion
  - Effective: 2023-09-06
  source text: On September 6, 2023, Stanley Black & Decker, Inc., a Connecticut corporation (the “ Company ”), entered into a syndicated 364-Day Credit Agreement (the “ Syndicated 364-Day Credit Agreement ”) with each of the initial lenders named therein, Citibank, N.A., as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/93556/000119312523231513/0001193125-23-231513-index.htm
- Material Agreements
  STANLEY BLACK & DECKER, INC. terminated 364-Day Credit Agreement, dated September 7, 2022, as amended with each of the initial lenders named therein, Citibank, N.A., as administrative agent (effective 2023-09-06).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: each of the initial lenders named therein, Citibank, N.A., as administrative agent
  - Effective: 2023-09-06
  source text: the Company terminated that certain 364-Day Credit Agreement, dated September 7, 2022, as amended, with each of the initial lenders named therein, Citibank, N.A., as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/93556/000119312523231513/0001193125-23-231513-index.htm
- Material Agreements
  STANLEY BLACK & DECKER, INC. terminated Club 364-Day Credit Agreement, dated September 7, 2022, as amended with each of the four initial lenders named therein, Citibank, N.A., as administrative agent (effective 2023-09-06).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: each of the four initial lenders named therein, Citibank, N.A., as administrative agent
  - Effective: 2023-09-06
  source text: On September 6, 2023, the Company terminated that certain Club 364-Day Credit Agreement, dated September 7, 2022, as amended, with each of the four initial lenders named therein, Citibank, N.A., as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/93556/000119312523231513/0001193125-23-231513-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.