Stanley Black & Decker Files 8-K with Material Agreements
Ticker: SWK · Form: 8-K · Filed: Jul 1, 2024 · CIK: 93556
| Field | Detail |
|---|---|
| Company | Stanley Black & Decker, Inc. (SWK) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $2.50, $1.25 billion, $500,000,000, $250,000,000, $2.25 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, definitive-agreement
TL;DR
SBD filed an 8-K on 6/28, entered/terminated material agreements, and has new financial obligations.
AI Summary
On June 28, 2024, Stanley Black & Decker, Inc. entered into a material definitive agreement and terminated another. The company also created a direct financial obligation. Specific details regarding the agreements and obligations were not provided in this filing.
Why It Matters
This filing indicates significant changes in Stanley Black & Decker's contractual and financial obligations, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing mentions material definitive agreements and new financial obligations, which inherently carry risk and require further investigation into their specifics.
Key Players & Entities
- Stanley Black & Decker, Inc. (company) — Registrant
- June 28, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Stanley Black & Decker, Inc. on June 28, 2024?
The filing states that a material definitive agreement was entered into on June 28, 2024, but does not provide specific details about its terms or parties involved.
What specific agreement was terminated by Stanley Black & Decker, Inc. on June 28, 2024?
The filing indicates the termination of a material definitive agreement on June 28, 2024, but does not specify which agreement was terminated.
What is the direct financial obligation created by Stanley Black & Decker, Inc. as reported in the June 28, 2024 filing?
The filing confirms the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics of this obligation are not detailed.
What is the significance of the 'Item Information' listed in this 8-K filing?
The 'Item Information' indicates that the filing pertains to the 'Entry into a Material Definitive Agreement', 'Termination of a Material Definitive Agreement', and 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement'.
Where is Stanley Black & Decker, Inc. incorporated and what is its fiscal year end?
Stanley Black & Decker, Inc. is incorporated in Connecticut and its fiscal year ends on December 28.
Filing Stats: 2,279 words · 9 min read · ~8 pages · Grade level 10.8 · Accepted 2024-07-01 16:53:33
Key Financial Figures
- $2.50 — ge on which registered Common Stock - $2.50 Par Value per share SWK New York St
- $1.25 billion — 364-Day Credit Agreement consists of a $1.25 billion revolving credit loan, which may be dra
- $500,000,000 — d fiscal quarter of 2024 may not exceed $500,000,000 in the aggregate, and (B) the sum of th
- $250,000,000 — d fiscal quarter of 2025 may not exceed $250,000,000 in the aggregate; provided, further, th
- $2.25 billion — e 5 Year Credit Agreement consists of a $2.25 billion revolving credit loan (the " Revolving
- $800,000,000 — amount equal to the Euro equivalent of $800,000,000 for swing line advances (" Swing Line A
Filing Documents
- d832623d8k.htm (8-K) — 47KB
- d832623dex101.htm (EX-10.1) — 547KB
- d832623dex102.htm (EX-10.2) — 612KB
- g832623g0628104904697.jpg (GRAPHIC) — 5KB
- 0001193125-24-173396.txt ( ) — 1595KB
- swk-20240628.xsd (EX-101.SCH) — 3KB
- swk-20240628_lab.xml (EX-101.LAB) — 17KB
- swk-20240628_pre.xml (EX-101.PRE) — 11KB
- d832623d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 364-Day Credit Agreement, made as of June 28, 2024 among Stanley Black & Decker, Inc., the initial lenders named therein and Citibank, N.A. as administrative agent for the lenders. 10.2 Amended and Restated Five Year Credit Agreement, made as of June 28, 2024 among Stanley Black & Decker, Inc., the initial lenders named therein and Citibank, N.A. as administrative agent for the lenders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Stanley Black & Decker, Inc. Date: July 1, 2024 By: /s/ Janet M. Link Name: Janet M. Link Title: Senior Vice President, General Counsel and Secretary