← STANLEY BLACK & DECKER, INC.

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

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 ↗

Download CSV · Download JSON

Amendments

No amendments on file yet.

Report an error

Email [email protected].