secwatch.observer — SEC 8-K summary
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Issuer:     RESIDEO TECHNOLOGIES, INC. (REZI)
CIK:        0001740332
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001193125-24-162846
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resideo completes Snap One acquisition for ~$1.4B; secures $500M CD&R investment and $600M term loan
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- All-cash acquisition of Snap One at $10.75/share; total value ~$1.4B including net debt.
- CD&R invested $500M in convertible preferred stock (500k shares at $1,000/share); two CD&R partners appointed to board.
- Obtained $600M incremental term loan (matures 2031) and $500M revolving credit facility to finance deal and fees.
- Transaction expected to be accretive to non-GAAP Adjusted EPS in first full year; targets $75M annual synergies by 2027.
- Resideo plans to update 2024 annual outlook during Q2 earnings call in early August.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740332/000119312524162846/0001193125-24-162846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740332/000119312524162846/d845319d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-162846

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer