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Estimate the cost of capital for both short-term and long-term funding sources. Research current estimated APRs for your selected sources of funding. Consider creating a

Estimate the cost of capital for both short-term and long-term funding sources. Research current estimated APRs for your selected sources of funding. Consider creating a table or chart to display this information.

NEW BRITAIN, Conn., Feb. 3, 2020 /PRNewswire/ -- Stanley Black & Decker, Inc. (NYSE: SWK) (the "Company") announced today that it priced its offering of $750 million aggregate principal amount of 2.300% Notes due 2030 (the "Notes") at 99.667% 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 on February 10, 2020.

The Company will receive net proceeds of approximately $745.6 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 funding of any acquisitions and repayment of its borrowings.

Concurrently with this offering, the Company is offering $750 million aggregate principal amount of 4.000% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures due 2060 in an underwritten public offering (the "concurrent offering"). The closing of this offering is not conditioned on the closing of the concurrent offering, and the closing of the concurrent offering is not conditioned on the closing of this offering. Nothing in this press release should be construed as an offer to sell, or a solicitation of an offer to buy, any junior subordinated debentures offered in the concurrent offering.

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