Resideo Announces Pricing of ADI's Offering of Unsecured Senior Notes in Connection with Planned Spin-Off
Resideo announced that ADI, its global distribution subsidiary, has priced $400 million of 7.125% senior notes due 2034 to fund its planned spin-off. ADI also completed syndication on a $600 million term loan and a $500 million revolver, with proceeds used partly to make a distribution to Resideo.
Key figures
- Deal Value Usd
- 400000000
- Offering Price
- at par
- Interest rate
- 7.125%
- Maturity year
- 2034
- Term facility
- $600 million
- Spin off timeline
- mid-Q3'26 to mid-Q4'26
- Revolving facility
- $500 million
AI analysis
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