Stanley Black & Decker, Inc. $1.5 Billion Senior Notes and Junior Subordinated Debentures Offering

Davis Polk advised the joint book-running managers and representatives of the underwriters on an SEC-registered offering by Stanley Black & Decker, Inc. of $750 million aggregate principal amount of 2.300% senior notes due 2030 and $750 million aggregate principal amount of 4.000% fixed-to-fixed reset rate junior subordinated debentures due 2060.

Stanley Black & Decker is a diversified global provider of hand tools, power tools and related accessories, engineered fastening systems and products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions and automatic doors.

The Davis Polk corporate team included partner John G. Crowley and associate Jolie Yang. The tax team included partner Lucy W. Farr and associate Rebecca A. Rosen. Counsel Betty Moy Huber and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.