secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001193125-25-148898
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stanley Black & Decker closes $1.25B 364-day credit facility; amends 5-year covenant to 2.50x
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- Entered into a $1.25 billion 364-day revolving credit facility with Citibank, BofA, JPMorgan, Wells Fargo, with no initial draws.
- Amended existing 5-year credit agreement: interest coverage ratio reduced from 3.50x to 2.50x through Q2 2026.
- Applicable Adjustment Addbacks (restructuring, M&A, etc.) capped at $250M aggregate for any Adjustment Period.
- Prior $1.25B 364-day credit agreement dated June 28, 2024 was terminated.
- Optional conversion to a term loan on maturity (June 22, 2026) allowed upon fee payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312525148898/0001193125-25-148898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312525148898/d810765d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-148898

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