Stanley Black & Decker enters $1.0 billion 364-day and $2.0 billion five-year credit deals
On June 18, 2026, Stanley Black & Decker entered a $1.0 billion 364-day revolving credit agreement and an amended five-year revolving credit agreement of $2.0 billion, replacing its prior 364-day facility dated June 23, 2025. No proceeds were drawn at closing, and the filing says the funds may be used for general corporate purposes.
Key points
- 364-Day Credit Agreement: $1.0 billion revolving loan, with repayment due by June 17, 2027 unless converted to a term loan.
- Five Year Credit Agreement: $2.0 billion revolving loan, with maturity of June 18, 2031, subject to extension requests.
- Both agreements require an interest coverage ratio of at least 3.50 to 1.00, relaxed to 2.50 to 1.00 through the second fiscal quarter of 2026.
- The prior 364-day credit agreement dated June 23, 2025 was terminated in connection with the new facility.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits 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 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.