Stanley Black & Decker, Inc. Announces Fixed-to-Floating Rate Junior Subordinated Debentures Offering

  Stanley Black & Decker, Inc. Announces Fixed-to-Floating Rate Junior
  Subordinated Debentures Offering

Business Wire

NEW BRITAIN, Conn. -- November 25, 2013

Stanley Black & Decker, Inc. (NYSE: SWK) (the “Company”) announced today its
intention to offer to sell, subject to market and other conditions, $400
million aggregate principal amount of a new series of fixed-to-floating rate
junior subordinated debentures due 2053 (the “Debentures”). The offering will
be made pursuant to an effective registration statement filed with the
Securities and Exchange Commission (the “SEC”).

The Company intends to use the net proceeds from the offering for general
corporate purposes, including repayment of short term borrowings.

The Company is concurrently offering 3,000,000 Equity Units. The Company
expects the Equity Units will initially consist of $300 million aggregate
principal amount of junior subordinated notes due 2018 and contracts
obligating the investors to purchase, for an aggregate of $300 million, shares
of common stock. The Company expects to grant to the underwriters an option to
purchase additional Equity Units to cover over-allotments. The completion of
the concurrent Equity Units offering is not subject to the completion of the
offering of the Debentures and the completion of the offering of the
Debentures is not subject to the completion of the concurrent Equity Units

Deutsche Bank Securities Inc., Goldman, Sachs & Co. 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 these 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

The Company has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and the
other documents the Company has filed with the SEC for more complete
information about the Company and the offering. You may get these documents
for free by visiting EDGAR on the SEC’s website at
Alternatively, copies may be obtained by contacting Deutsche Bank Securities
Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza
One, Floor 2, Jersey City, New Jersey 07311-3988, by email at, or by calling toll-free (800) 503-4611; Goldman, Sachs
& Co., Attention: Prospectus Department, 200 West Street, New York, New York
10282, by email at, or by calling (866)
471‐2526; or Wells Fargo Securities, LLC, Attention: Capital Markets Client
Support, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262,
by email at, or by calling toll-free at (800)

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, mechanical access and
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 securities offerings and
(ii) anticipated use of the net proceeds; are “forward looking statements” 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.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding Stanley Black & Decker,
Inc.’s business which are not historical facts are “forward-looking
statements” that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see “Risk Factors” in the
Company’s Annual Report or Form 10-K for the most recently ended fiscal year.


Stanley Black & Decker, Inc.
Greg Waybright, 860-827-3833
Vice President, Investor & Government Relations
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