Stanley Black & Decker Inc. says it publicly placed $400 million of 10-year debt securities to finance operations for the New Britain maker of hand- and power tools, along with automated doors and other building security-products.
Notes in the offering completed Tuesday mature Dec. 1, 2021 and pay 3.4 percent annual interest each June and December, according to its 8-K filing with the Securities and Exchange Commission.
The Bank of New York Mellon was trustee for the debt offering.
