Resideo sets record date July 20, distribution Aug 3 for ADI spin-off; ADI completes $400M notes offering

RESIDEO TECHNOLOGIES, INC.

Board approves spin-off of ADI Global Distribution; record date July 20, 2026, distribution date Aug 3, 2026.
Shareholders to receive 1 ADI share for every 2 REZI shares held; ADI to trade on NYSE under 'ADIG' starting Aug 4.
ADI completes $400M 7.125% senior notes due 2034 and enters $600M term loan and $500M revolver for spin-off financing.
Net proceeds from debt will fund ~$900M cash dividend to Resideo as part of spin-off consideration.
ADI common stock to trade 'when-issued' under 'ADIG WI' from July 29; REZI to trade ex-distribution under 'REZI WI' from July 29.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.