Stanley Black & Decker, Inc. Issues Redemption Notice for its 5.75% Junior Subordinated Debentures Due 2052

News provided by

Stanley Black & Decker

13 Nov, 2019, 13:47 ET

NEW BRITAIN, Conn., Nov. 13, 2019 /PRNewswire/ -- Stanley Black & Decker, Inc. (NYSE: SWK) (the "Company") announced today that it has delivered a notice of redemption of all of its outstanding 5.75% Junior Subordinated Debentures due 2052 (NYSE: SWJ) (the "2052 Debentures"). The 2052 Debentures will be redeemed in accordance with the indenture governing the 2052 Debentures. This press release does not constitute a notice of redemption of the 2052 Debentures.

The redemption date for the 2052 Debentures provided in the notice of redemption is December 13, 2019 (the "Redemption Date"). The redemption price will be equal to 100% of the principal amount of the 2052 Debentures to be redeemed, plus all accrued and unpaid interest thereon to but not including the Redemption Date (the "Redemption Price").

Additional information concerning the terms and conditions of the redemption are fully described in the notice of redemption mentioned above. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.

The 2052 Debentures called for redemption must be surrendered for payment of the Redemption Price to HSBC Bank USA, National Association, Issuer Services – Account Bank, 452 Fifth Ave – 8E6, New York, NY 10018, as paying agent.

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, 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 planned redemption of the 2052 Debentures, are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and subject to risk and uncertainty.

For a discussion of risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.

Investor Contacts

Dennis Lange
Vice President, Investor Relations
860-827-3833
[email protected]

Cort Kaufman
Director, Investor Relations
(860) 515-2741
[email protected] 

SOURCE Stanley Black & Decker

Related Links

http://www.stanleyblackanddecker.com

Also from this source

Stanley Black & Decker Announces Upcoming Conferences

Stanley Black & Decker To Present At The Wolfe Research Global Transportation & Industrials Conference

Explore

More news releases in similar topics

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.