secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001193125-23-231513
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312523231513/0001193125-23-231513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312523231513/d550086d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-231513

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