Financing ·
On June 18, 2026, Stanley Black & Decker entered into two credit agreements
SWKStanley Black & Decker, Inc.
On June 18, 2026, Stanley Black & Decker entered into two credit agreements. The first is a $1.0 billion 364-Day Credit Agreement maturing June 17, 2027, which replaces a previous 364-day agreement dated June 23, 2025. The second is an Amended and Restated Five Year Credit Agreement providing a $2.0 billion revolving credit loan maturing June 18, 2031, with an $800 million sub-limit for swing line advances. Both agreements require a minimum interest coverage ratio of 3.50 to 1.00, with a temporary reduction to 2.50 to 1.00 for periods ending on or before the second fiscal quarter of 2026. Proceeds from both facilities are designated for general corporate purposes. The company operates in the tools and outdoor products industry, designing and manufacturing power tools and hardware.