secwatch.observer — SEC 8-K summary
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Issuer:     RESIDEO TECHNOLOGIES, INC. (REZI)
CIK:        0001740332
Form:       8-K
Filed at:   2026-06-04T20:18:11+00:00
Accession:  0001213900-26-065300
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resideo enters $2.827B credit amendment to facilitate ADI spin-off; appoints new CEO
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- Second Amended and Restated Credit Agreement: $518M, $590M, $1,219M term loans plus new $500M undrawn revolver, total $2.827B.
- Maturities: revolver 5 years (2031); term loans 2028, 2031, 2032. Interest: SOFR+2.00% pre-spin, 2.25% post-spin.
- Financial covenants: total leverage ratio max 3.50:1 pre-spin, steps to 4.75:1 post-spin, then to 4.00:1; 50% excess cash flow prepayment.
- Thomas Surran named CEO effective upon spin-off (mid-Q3 to mid-Q4 2026); base salary $900k, bonus target 135%, $1.583M LTI RSU award.
- Spin-off of ADI Global Distribution segment expected mid-Q3 to mid-Q4 2026; proceeds from new ADI debt will prepay term loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740332/000121390026065300/0001213900-26-065300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740332/000121390026065300/ea0293379-8k_resideo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-065300

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