Shearman & Sterling advised Citbank, N.A., as administrative agent, on a $1 billion 364-day revolving credit facility for Stanley Black and Decker to finance general corporate purposes.
Stanley Black & Decker, Inc. engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
The Shearman team consisted of counsel Susan Hobart (New York – Finance) and legal assistant Dylan Voss (New York-Finance). Stanley Black and Decker was advised by Brown Rudman.