Stanley Black & Decker Enters $1.25 Billion 364-Day Credit Agreement and Amends Existing Five-Year Credit Facility
Stanley Black & Decker Inc., a Connecticut-based corporation, has announced a new financial arrangement by entering into a 364-Day Credit Agreement as of June 23, 2025. The agreement involves Citibank, N.A. as the administrative agent, alongside BofA Securities, Inc., JPMorgan Chase Bank, N.A., and Wells Fargo Securities, LLC as lead arrangers. The agreement provides a $1.25 billion revolving credit loan, accessible to Stanley Black & Decker and its designated subsidiaries for general corporate purposes. This new arrangement replaces a similar credit agreement from June 28, 2024. The agreement includes customary covenants, such as maintaining an interest coverage ratio and restrictions on mergers and liens. No funds were drawn at the time of the closing of this agreement.
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