debt
confidence high
sentiment neutral
materiality 0.55
Stanley Black & Decker enters $1B 364-day and $2B five-year credit facilities, prior $1B facility terminated
STANLEY BLACK & DECKER, INC.
- New $1.0B 364-day revolving credit facility, maturing June 17, 2027.
- Amended $2.0B five-year revolving credit facility maturing June 18, 2031.
- Prior $1.0B 364-day credit agreement dated June 23, 2025 was terminated.
- Both facilities undrawn at closing; proceeds for general corporate purposes.
- Interest coverage covenant: ≥3.50x (2.50x through Q2 2026); addback cap $250M.