Shearman And Sterling

News Sep 09, 2020

Stanley Black & Decker $1 Billion 364-Day Revolving Credit Facility

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.

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