debt
confidence high
sentiment neutral
materiality 0.60
Resideo obtains $200M incremental term loans to fund First Alert acquisition
RESIDEO TECHNOLOGIES, INC.
- Entered $200M incremental term loan facility with JPMorgan Chase Bank, N.A. as sole lender.
- Proceeds will partially fund the previously announced acquisition of First Alert, Inc.
- Loans are treated as Initial Term Loans under the existing Credit Agreement dated Feb 12, 2021.
- Amortization schedule updated; quarterly payments of ~$2.88M through March 2027.