Resideo To Raise $300M Via Private Senior Unsecured Notes Offering For Debt Refinancing

Resideo Technologies Inc REZI subsidiary Resideo Funding Inc. commenced a private offering of $300 million aggregate principal amount of Senior Notes due 2029.
The notes will be fully and unconditionally guaranteed on an unsecured basis initially by Resideo Technologies and each of its subsidiaries that guarantee its existing senior credit facilities.
Resideo intends to use the proceeds to fund the redemption of Resideo Funding's outstanding 6.125% Senior Notes due 2026. The aggregate principal amount of 2026 Notes currently outstanding is $260 million. Any remaining proceeds may be used for general corporate purposes.
Price Action: REZI shares are trading lower by 4.58% at $30.43 on the last check Monday.

Momentum36.19

Growth45.30

Quality91.65

Value29.87

Short

Medium

Long