Stanley Black & Decker, Inc. (NYSE: SWK) announced today that it priced its offering of $750 million aggregate principal amount of 2.750% Notes due 2050 at 99.735% of par. The offering is being made under the Company's existing shelf registration statement previously filed with the Securities and Exchange Commission and is expected to close on November 2, 2020.

The Company will receive net proceeds of approximately $739.5 million from the sale of the Notes, after deducting the underwriting discount and offering expenses. The Company intends to use the net proceeds from the offering, along with short-term borrowings and cash on hand, to redeem in full its 3.40% Notes due 2021 and its 2.90% Notes due 2022.

Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers of this offering. HSBC Securities (USA) Inc. and RBC Capital Markets, LLC are acting as co-managers.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more.