Stanley Black & Decker $1 billion senior notes offering
The 2.3% investment-grade notes are due 2025 and the 3% investment-grade notes are due 2032
Davis Polk advised the joint book-running managers and representatives of the underwriters on an SEC-registered offering by Stanley Black & Decker, Inc. of $500 million aggregate principal amount of 2.300% notes due 2025 and $500 million aggregate principal amount of 3.000% notes due 2032.
Stanley Black & Decker is a diversified global provider of hand tools, power tools and related accessories, engineered fastening systems and products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions and automatic doors.
The Davis Polk corporate team included partner Yasin Keshvargar and associates Dana Sorbi and José Miguel Fernández. The tax team included partner William A. Curran and associate Dylan J. Steiner. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.