Stanley Black & Decker secures covenant relief through Q2 2026 on $3B credit facilities

Filed June 24, 2026 · Period ending June 18, 2026 · ~1 min read

Key Changes

• high

  Interest coverage ratio requirement reduced from 3.50x to 2.50x through Q2 2026, with up to $250M in EBITDA addbacks permitted during relief period, signaling near-term earnings pressure.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Amended $2B five-year revolving facility, extending maturity to June 2031 with two one-year extension options; facility was undrawn at closing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Entered new $1B 364-day revolving facility maturing June 2027, with option to convert to one-year term loan; facility was undrawn at closing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →