NEW BRITAIN, Conn.,
Feb. 27, 2019 /PRNewswire/ --
Stanley Black & Decker, Inc.
(NYSE: SWK) (the "Company") announced today that it priced its
offering of $500 million aggregate
principal amount of 3.400% Notes due 2026 (the "Securities"). The
offering is being made under the Company's existing shelf
registration statement previously filed with the Securities and
Exchange Commission (the "SEC") and is expected to close on
March 1, 2019.
The Company will receive net proceeds of approximately
$495.8 million from the sale of the
Securities, after deducting the underwriters' discounts and
commissions and offering expenses. The Company intends to use the
net proceeds from the offering for general corporate purposes,
including repayment of borrowings.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc.,
RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting
as joint book-running managers of this offering.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sales of the
Securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.
The offering of the Securities will be made only by means of a
prospectus and a related prospectus supplement. Before you invest,
you should read the prospectus, the related prospectus supplement
and the other documents the Company has filed with the SEC for more
complete information about the Company and the offering. Copies of
the final prospectus supplement for the offering may be obtained by
visiting EDGAR on the SEC's website at http://www.sec.gov.
Alternatively, copies may be obtained by contacting Citigroup
Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York
11717, or by emailing prospectus@citi.com, or by calling at (800)
831-9146; Deutsche Bank Securities Inc., Attention: Prospectus
Group, 60 Wall Street, New York, New
York 10005, or by emailing prospectus.CPDG@db.com, or by
calling at (800) 503-4611; RBC Capital Markets, LLC, 200 Vesey
Street, 8th Floor, New York, New
York 10281, Attention: Transaction Management, or by
emailing at rbcnyfixedincomeprospectus@rbccm.com, or by calling at
(866) 375-6829, or by fax at (212) 658-6137; and Wells Fargo
Securities, LLC, 608 2nd Avenue South, Suite 1000, Attention: WFS
Customer Service, Minneapolis,
Minnesota 55402, or by emailing at
wfscustomerservice@wellsfargo.com or by calling at (800)
645-3751.
About Stanley Black &
Decker
Stanley Black & Decker, an
S&P 500 company, is a diversified global provider of hand
tools, power tools and related accessories, electronic security
solutions, healthcare solutions, engineered fastening systems, and
more.
Statements in this press release that are not historical,
including but not limited to those regarding the Company's: (i)
planned offering of the Securities and (ii) anticipated use of the
net proceeds, are "forward looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and subject
to risk and uncertainty. No assurance can be given that the
offering will be consummated on the terms described above or at
all. Consummation of the offering and the terms thereof are subject
to numerous conditions, many of which are beyond the control of the
Company, including: the prevailing conditions in the public and
private capital markets; interest rates; and economic, political
and market factors affecting trading volumes, securities prices or
demand for the Company's stock.
For a discussion of risks and uncertainties, which could cause
actual results to differ materially from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K for the most recently ended fiscal
year.
Investor Contacts
Dennis Lange
Vice President, Investor Relations
860-827-3833
dennis.lange@sbdinc.com
Cort Kaufman
Director, Investor Relations
(860) 515-2741
cort.kaufman@sbdinc.com
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SOURCE Stanley Black &
Decker