Stanley Black & Decker signs $1.25 billion 364-day revolving credit agreement
Stanley Black & Decker entered a $1.25 billion 364-day revolving credit agreement on June 23, 2025, replacing a prior 364-day facility dated June 28, 2024. The company also amended its five-year credit agreement, adding a temporary interest coverage covenant relief for periods through the second quarter of 2026. No borrowings were drawn at closing, so the filing shows committed financing rather than new debt taken on.
Key points
- 364-Day Credit Agreement dated June 23, 2025 provides a $1.25 billion revolving loan, with proceeds for general corporate purposes only
- No amounts were drawn at closing; advances are due by June 22, 2026, unless converted into a term loan repayable by the first anniversary of that date
- Amendment No. 1 to the five-year credit agreement caps Applicable Adjustment Addbacks at $250 million and lowers the minimum interest coverage ratio to 2.50 to 1.00 through the second quarter of 2026, from 3.50 to 1.00
- The company paid a one-time amendment fee of one basis point of each executing lender's commitment under the five-year agreement
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.