Stanley Black & Decker calls remaining notes from three series

By Ashley Montgomery

Kansas City, Kan., Aug. 3 - Stanley Black & Decker Inc. and its subsidiary Black & Decker Corp. will redeem three series of notes following a tender offer completed July 30.

The following notes are affected:

• $193,533,000 of 6.15% notes due 2013;

• $204,546,000 of 4.75% senior notes due 2014; and

• $125,359,000 of 8.95% senior notes due 2014.

The notes will be redeemed on Aug. 31. The redemption price will be the greater of par or the sum of the remaining scheduled payments, discounted to the redemption date on a semiannual basis, at the Treasury rate plus 50 basis points for the 6.15% notes, at the Treasury rate plus 15 bps for the 4.75% notes and at the adjusted Treasury rate plus 50 bps for the 8.95% notes.

The price will also include accrued interest up to the redemption date.

Bank of New York Mellon Trust Co., NA is the trustee.

The New Britain, Conn.-based company provides hand tools, power tools and accessories.

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