Stanley Black & Decker (SWK) Prices 6.75M Equity Units Offering
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Stanley Black & Decker (SWK) Announces Equity Units Offering
November 7, 2019 7:39 AM ESTStanley Black & Decker, Inc. (NYSE: SWK) (the "Company") announced today its intention to offer to sell, subject to market and other conditions, 6,750,000 Equity Units (the "Units"), each with a stated amount of $100. The Company expects 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 liquidation preference of $675 million, and contracts to purchase, for an aggregate of $675 million, shares of the Company's common stock (the "Common Stock"). The Company expects to grant to the underwriters an option to... More
