debt
confidence high
sentiment neutral
materiality 0.50
Stanley Black & Decker enters $1.25B 364-day and $2.25B 5-year credit facilities
STANLEY BLACK & DECKER, INC.
- $1.25B 364-day revolver entered June 28, 2024, matures June 27, 2025.
- $2.25B amended and restated 5-year revolver entered June 28, 2024, matures June 28, 2029 (with extension options).
- Both facilities undrawn at closing; proceeds available for general corporate purposes.
- Prior 364-day credit agreement (dated Sept 6, 2023) terminated in connection with new facilities.
- Covenants include interest coverage ratio with EBITDA addbacks; up to $500M aggregate addback limit.