secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001193125-24-173396
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 $1.25B 364-day and $2.25B 5-year credit facilities
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312524173396/0001193125-24-173396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312524173396/d832623d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-173396

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer