Final Term Sheet
Filed pursuant to Rule 433
Dated November 13, 2006
Relating to
Prospectus Supplement dated November 13, 2006 to
Registration Statement No. 333-138604
The Black & Decker Corporation
$300,000,000 5.750% Senior Notes due 2016
| Issuer: |
The Black & Decker Corporation | |
| Principal Amount: |
$300,000,000 | |
| Title of Securities: |
5.750% Senior Notes due 2016 | |
| Trade Date: |
November 13, 2006 | |
| Original Issue Date (Settlement Date): |
November 16, 2006 | |
| Maturity Date: |
November 15, 2016 | |
| Yield to Maturity: |
5.805% | |
| Spread to Benchmark Treasury: |
120 basis points | |
| Benchmark Treasury: |
4.625% due November 15, 2016 | |
| Benchmark Treasury Yield: |
4.605% | |
| Public Offering Price (Issue Price): |
99.587% of the Principal Amount thereof | |
| Interest Rate: |
5.750% per annum | |
| Interest Payment Dates: |
Semi-annually in arrears on each May 15 and November 15, commencing May 15, 2007. | |
| Redemption Provision: |
Make-whole call at the Adjusted Treasury Rate plus 20 basis points. | |
| Ratings: |
Baa2 / BBB / BBB | |
| Joint Book-Running Managers: |
Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. | |
| Co-Managers: |
BNP Paribas Securities Corp., Commerzbank Capital Markets Corp., Barclays Capital Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., Lazard Capital Markets LLC, SG Americas Securities, LLC, SunTrust Capital Markets, Inc. | |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (i) Banc of America Securities LLC toll free 1-800-294-1322, (ii) Citigroup Global Markets Inc. toll free 1-877-858-5407or (iii) J.P. Morgan Securities Inc. at 1-212-834-4533 (collect).
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