Stanley Black & Decker (SWK) Prices Notes Offering

Stanley Black & Decker, Inc. (NYSE: SWK) (the "Company") announced today that it priced its offering of $350 million aggregate principal amount of 6.272% Senior Notes due 2026 (the "2026 Notes") at 100.000% of par and $400 million aggregate principal amount of 6.000% Senior Notes due 2028 (the "2028 Notes," and together with the 2026 Notes, the "Notes") at 99.893% of par. The offering is being made under the Company's existing shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC") and is expected to close subject to the satisfaction of customary closing conditions on March 6, 2023.

The Company will receive net proceeds of approximately $745.4 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 for general corporate purposes, including repayment of indebtedness under our commercial paper facilities.

BofA Securities, Citigroup, J.P. Morgan, Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers of this offering.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The offering of the Notes will be made only by means of a prospectus and a related prospectus supplement. Before you invest, you should read the prospectus, the related prospectus supplement and the other documents the Company has filed with the SEC for more complete information about the Company and the offering. Copies of the final prospectus supplement for the offering may be obtained by visiting EDGAR on the SEC's website at http://www.sec.gov. Alternatively, copies may be obtained by contacting BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, by email at [email protected] or by calling 1-800-294-1322; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at [email protected] or by calling 1-800-831-9146; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling 1-212-834-4533; or Wells Fargo Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, by email at [email protected] or by calling 1-800-645-3751.

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