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

  Stanley Black & Decker, Inc. Announces Pricing of 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 that
it priced its offering of $400 million aggregate principal amount of 5.75%
Fixed-to-Floating Junior Subordinated Debentures due 2053 (the “Debentures”).
The offering is being made under the Company’s existing shelf registration
statement previously filed with the Securities and Exchange Commission (the
“SEC”) and is expected to close on December 3, 2013.

The Debentures will bear interest from the date they are issued to, but
excluding, December 15, 2018, at an annual rate of 5.75%, payable
semi-annually in arrears. From, and including, December 15, 2018, the
Debentures will bear interest at an annual rate equal to three-month LIBOR
plus 4.304%, payable quarterly in arrears. The Company will be able to defer
interest payments on the Debentures during one or more deferral periods for up
to five consecutive years per deferral period.

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 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 has granted to the underwriters an option to purchase an additional
450,000 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
jurisdiction. The offering of the Debentures will be made only by means of a
prospectus and a related prospectus supplement.

Copies of the final prospectus for the offerings may be obtained 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
prospectus‐, 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) 326-5897.

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) 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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