New Issue: Stanley Black & Decker prices $800 million 2.9% 10-year notes at 120 bps spread

By Sheri Kasprzak

New York, Nov. 1 - Stanley Black & Decker, Inc. sold $800 million of 10-year notes Thursday, according to a term sheet.

The 2.9% notes were priced at 99.914 to yield 2.91%, or 120 basis points over Treasuries.

The notes (/A/A-) feature a make-whole call at Treasuries plus 20 bps.

The bookrunners were Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and J.P. Morgan Securities LLC.

Proceeds will be used for general corporate purposes.

Issuer:	Stanley Black & Decker, Inc.
Issue:	Notes
Amount:	$800 million
Maturity:	Nov. 1, 2022
Bookrunners:	Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC
Co-managers:	Barclays, BNP Paribas Securities Corp., RBS Securities Inc.
Coupon:	2.9%
Price:	99.914
Yield:	2.91%
Spread:	Treasuries plus 120 bps
Call:	Make-whole at Treasuries plus 20 bps
Trade date:	Nov. 1
Settlement date:	Nov. 6
Ratings:	Moody's: Baa1
	Standard & Poor's: A
	Fitch: A-

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