← STANLEY BLACK & DECKER, INC.

364-DAY CREDIT AGREEMENT

Signed Jun 18, 2026

Committed
$1bn
Matures
Jun 2027
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

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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