Stanley Black & Decker planning $632 million remarketing of subordinated notes due 2018

By Aleesia Forni

Virginia Beach, Nov. 5 – Stanley Black & Decker Inc. is planning a $632.5 million remarketing of its outstanding subordinated notes due Nov. 17, 2018, according to a filing with the Securities and Exchange Commission.

The notes were originally issued as junior subordinated notes included in the convertible preferred units issued in November 2010.

The remarketing agents are BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC

Stanley Black & Decker is a New Britain, Conn.-based maker of hand tools, power tools and accessories.

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