8-K ·Filed Jun 24, 2026

SWK

STANLEY BLACK & DECKER, INC.
NEUTRAL
Impact 3/10
Horizonweeks Processed3mo ago SEC0001193125-26-281077
8-K material event: Items 1.01, 1.02
Actionable Insight • Neutral

This is a routine refinancing that modestly reduces total committed capacity. Monitor the company's next quarterly filing for any material change in leverage or liquidity needs. The step-up in the Interest Coverage Ratio covenant to 3.50x after Q2 2026 is a key threshold to watch.

DirectionNeutral
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d
SWK ▼ -2.96% at T+60d
NEUTRAL call ✗ call lost -2.96% · α vs SPY -6.69% · entry $92.31 → $89.58
Entry anchored
Jun 24, 03:59 PM ET
via exchange tick
T+1d
-0.36%
call -0.36% · α +0.37%
$91.98
settled 3mo ago
T+5d
-1.05%
call -1.05% · α -2.61%
$91.34
settled 3mo ago
T+20d
-5.31%
call -5.31% · α -5.84%
$87.41
settled 2mo ago
T+60d
-2.96%
call -2.96% · α -6.69%
$89.58
settled 14d ago

Price Chart

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Executive Summary

Stanley Black & Decker entered into two new credit agreements on June 18, 2026: a $2.0B five-year revolving credit facility (maturing June 2031, extendable) replacing a $2.25B facility, and a new $1.0B 364-day credit facility (maturing June 2027) replacing a $1.25B facility. The combined $3.0B in committed liquidity represents a $500M reduction from the prior $3.5B total, but the company secured an additional $800M swingline sublimit under the five-year facility. This is a routine refinancing that modestly reduces total committed capacity while extending maturities, with no material change to the company's credit profile.

Key Financial Metrics

Deal Value
$3.0B
Deal Type
credit_facility

Key Facts

  • Entered into a $2.0B amended and restated five-year credit agreement (maturing June 18, 2031, with two one-year extension options), replacing a $2.25B facility dated June 28, 2024.
  • Entered into a new $1.0B 364-day credit agreement (maturing June 17, 2027), replacing a $1.25B 364-day facility dated June 23, 2025.
  • Combined committed capacity reduced by $500M from $3.5B to $3.0B.
  • Five-year facility includes an $800M swingline sublimit for euro-denominated advances.
  • Interest rates are based on Term SOFR, EURIBOR, or SONIA plus margins tied to credit ratings (ranging from 0.875% to 1.375% for Term SOFR/EURIBOR).
  • Commitment fee rates range from 0.070% to 0.175% on the five-year facility and 0.040% to 0.150% on the 364-day facility, based on credit ratings.
  • Financial covenant requires Interest Coverage Ratio of at least 3.50x (stepping up from 2.50x for periods ending on or before Q2 2026).
  • Proceeds to be used for general corporate purposes.

Financial Impact

Total committed liquidity reduced by $500M (from $3.5B to $3.0B). No amounts drawn or fees disclosed beyond standard commitment fees.

liquiditydebt_capacity

Risk Factors

  • Reduction in total committed capacity from $3.5B to $3.0B could signal tighter liquidity management.
  • Interest Coverage Ratio covenant steps up to 3.50x after Q2 2026, which may constrain financial flexibility if earnings decline.

Market Snapshot

Exchange
NYSE
Sector
Cutlery, Handtools & General Hardware
Analyst Consensus
38% bullish (24 analysts)

Investment Themes

Industrials & Manufacturing

Documents Analyzed

This report is based on 2 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-281077
Document: d49687dex101.htm0001193125-26-281077
6 reports for SWK
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for SWK — sortable, filterable
TypeNow
Sep 4, 2026
27d ago
8-K
NEUTRAL ★ 4/10
$97.36 $88.89▼ −8.70%▼ −7.49%$91.10 (−6.43%)
Aug 17, 2026
6w ago
Court Ruling
NEUTRAL ★ 5/10
$99.59 $98.51▼ −1.08%▲ +0.11%$91.10 (−8.52%)
Jun 24, 2026
14w ago
8-K
NEUTRAL ★ 3/10
$92.31 $91.34▼ −1.05%▼ −2.61%$91.10 (−1.31%)
Apr 20, 2026
23w ago
8-K
NEUTRAL ★ 3/10
$75.06 $79.81▲ +6.33%▲ +5.42%$91.10 (+21.38%)
Apr 6, 2026
25w ago
8-K
BULLISH ★ 7/10
$67.96 $72.28▲ +6.36%▲ +2.22%$91.10 (+34.06%)
Mar 6, 2026
30w ago
DEFA14A
NEUTRAL ★ 2/10
$76.09 $70.10▼ −7.87%▼ −6.34%$91.10 (+19.73%)
Showing 6 of 6

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