STANLEY BLACK & DECKER, INC.

$3bn committed across 2 active facilities, next covenant test Sep 30, 2026. SWK

Cutlery, Handtools & General Hardware

Recent changes

  1. Jun 24, 2026STANLEY BLACK & DECKER, INC. signs $1bn 364-DAY CREDIT AGREEMENT, matures Jun 2027SEC ↗
  2. Jun 24, 2026STANLEY BLACK & DECKER, INC. signs $2bn credit agreement, matures Jun 2031SEC ↗
Tested quarterlyHeadroom not yet measured2.50x
  • From thereafter · 3.50x
The Company shall maintain, for each period of four consecutive fiscal quarters of the Company an Interest Coverage Ratio of not less than 3.50 to 1.00, provided that the Company shall only be required to maintain an Interest Coverage Ratio of not less than (i) 2.50 to 1.00 for any period of four consecutive fiscal quarters ending on or before the end of the Company’s second fiscal quarter of 2026, and (ii) 3.50 to 1.00 thereafter.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured2.50x
  • From thereafter · 3.50x
provided that the Company shall only be required to maintain an Interest Coverage Ratio of not less than (i) 2.50 to 1.00 for any period of four consecutive fiscal quarters ending on or before the end of the Company’s second fiscal quarter of 2026, and (ii) 3.50 to 1.00 thereafter.
Read the filing on sec.gov ↗

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Credit agreement

Signed Jun 18, 2026

Committed
$2bn
Matures
Jun 2031
Agent
CITIBANK, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$2bnJun 203188–138 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level 1A/A2/A or higher88 bpsn/a
Level Level 2A-/A3/A-100 bpsn/a
Level Level 3BBB+/Baa1/BBB+113 bpsn/a
Level Level 4BBB/Baa2/BBB125 bpsn/a
Level Level 5below BBB/Baa2/BBB or unrated138 bpsn/a
Level Commitment Fee Level 1A/A2/A or highern/a7 bps
Level Commitment Fee Level 2A-/A3/A-n/a8 bps
Level Commitment Fee Level 3BBB+/Baa1/BBB+n/a9 bps
Level Commitment Fee Level 4BBB/Baa2/BBBn/a13 bps
Level Commitment Fee Level 5below BBB/Baa2/BBB or unratedn/a18 bps

§1.01

Lenders: CITIBANK, N.A., BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., WELLS FARGO SECURITIES, LLC, Citibank, N.A., Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association, Goldman Sachs Bank USA, Royal Bank of Canada, Truist Bank, BNP Paribas

364-DAY CREDIT AGREEMENT

Signed Jun 18, 2026

Committed
$1bn
Matures
Jun 2027
Agent
CITIBANK, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$1bnJun 202788–138 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level iA/A2/A or higher88 bpsn/a
Level iiA-/A3/A- or higher100 bpsn/a
Level iiiBBB+/Baa1/BBB+ or higher113 bpsn/a
Level ivBBB/Baa2/BBB or higher125 bpsn/a
Level vBelow BBB/Baa2/BBB or unrated138 bpsn/a
Level i (fee)A/A2/A or highern/a4 bps
Level ii (fee)A-/A3/A- or highern/a6 bps
Level iii (fee)BBB+/Baa1/BBB+ or highern/a7 bps
Level iv (fee)BBB/Baa2/BBB or highern/a10 bps
Level v (fee)Below BBB/Baa2/BBB or unratedn/a15 bps

Lenders: CITIBANK, N.A., BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., WELLS FARGO SECURITIES, LLC, Citibank, N.A., Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association, Goldman Sachs Bank USA, Royal Bank of Canada, Truist Bank, BNP Paribas

No amendments on file yet.

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