Stanley Black & Decker (SWK) Announces Equity Units Offering
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Stanley Black & Decker (SWK) Prices 6.75M Equity Units Offering
November 8, 2019 5:51 AM ESTStanley Black & Decker, Inc. (NYSE: SWK) (the "Company") announced today that it priced its offering of 6,750,000 Equity Units (the "Units"). The Company has granted to the underwriters an option to purchase up to an additional 750,000 Units to cover over-allotments. 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 on November 13, 2019.
The Units will initially consist of an aggregate of 675,000 shares of 0% Series D Cumulative Perpetual Convertible Preferred Stock (the "Convertible Preferred Stock"), with an aggregate... More
