Resideo expects Snap One merger close by end of June; reprices term loan margin down 25 bps

RESIDEO TECHNOLOGIES, INC.

HSR waiting period for Snap One acquisition expired May 20; Information Statement mailed May 24; deal expected to close before end of June 2024.
Amended credit agreement: term loan margin reduced 25 bps to SOFR+2.00%; SOFR credit spread adjustment eliminated; floor reduced to 0%.
Existing term loan principal unchanged at $1.117B; call protection reinstated at 1% for repricing transactions within 6 months.
No other material changes to credit terms; non-continuing lenders' loans prepaid with proceeds of additional term loans.

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