debt
confidence high
sentiment neutral
materiality 0.50
Resideo prices $600M 6.500% senior notes due 2032, upsized from $500M
RESIDEO TECHNOLOGIES, INC.
- Principal amount $600M at 100% par, 6.500% interest, due 2032.
- Upsized by $100M from previously announced offering size.
- Net proceeds to repay a portion of Term B loans maturing Feb 2028.
- Closing expected July 17, 2024, subject to customary conditions.
- Issued by subsidiary Resideo Funding Inc.; guaranteed by parent and subsidiaries.