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Stanley Black & Decker to price notes in two fixed-rate tranches
By Devika Patel
Knoxville, Tenn., Oct. 30 – Stanley Black & Decker, Inc. is planning to sell dollar-denominated fixed-rate notes in two parts, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.
Proceeds will be used for general corporate purposes, including debt repayment.
Stanley Black & Decker is a New Britain, Conn.-based maker of industrial tools and household hardware.
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