debt
confidence high
sentiment positive
materiality 0.60
Resideo reprices $1.12B term loans; margin cut 25bps to SOFR+1.75%
RESIDEO TECHNOLOGIES, INC.
- Initial Term B Tranche ($517.8M, maturing Feb 2028) and Incremental Term B Tranche ($598.5M, maturing May 2031) repriced.
- Interest margin reduced from Term SOFR+2.00% to Term SOFR+1.75% (25bps reduction).
- Call protection reinstated: 1.00% prepayment premium for repricing transactions within 6 months.
- Amendment effective December 16, 2024; no other changes to credit agreement terms.