Resideo Technologies Enters New Term Loan Facility
Ticker: REZI · Form: 8-K · Filed: Dec 18, 2024 · CIK: 1740332
| Field | Detail |
|---|---|
| Company | Resideo Technologies, INC. (REZI) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $517,787,216.60, $598,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-financing, material-definitive-agreement
Related Tickers: REZI
TL;DR
Resideo just signed a new loan agreement, more details to come.
AI Summary
On December 16, 2024, Resideo Technologies, Inc. entered into a Material Definitive Agreement, specifically a Term Loan Facility. This agreement creates a direct financial obligation for the company, with details to be further elaborated in subsequent filings.
Why It Matters
This filing indicates Resideo Technologies has secured new debt financing, which could impact its capital structure and future investment capabilities.
Risk Assessment
Risk Level: medium — Entering into new debt obligations can increase financial leverage and associated risks for a company.
Key Players & Entities
- Resideo Technologies, Inc. (company) — Registrant
- December 16, 2024 (date) — Date of earliest event reported
FAQ
What is the principal amount of the Term Loan Facility?
The filing does not specify the principal amount of the Term Loan Facility.
Who are the lenders under the new Term Loan Facility?
The specific lenders are not identified in this initial 8-K filing.
What are the key terms and conditions of the Term Loan Facility?
Key terms such as interest rates, maturity dates, and covenants are not detailed in this filing and are expected to be provided in subsequent filings.
What is the purpose of this new Term Loan Facility?
The purpose of the Term Loan Facility is not explicitly stated in this filing.
When will the details of the Term Loan Facility be made available?
Further details regarding the Term Loan Facility are expected to be disclosed in subsequent filings with the SEC.
Filing Stats: 925 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-12-18 16:28:59
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value REZI New York Stock Excha
- $517,787,216.60 — (as of the Amendment Effective Date) of $517,787,216.60 (the " Initial Term B Tranche "), and a
- $598,500,000 — (as of the Amendment Effective Date) of $598,500,000 (the " Incremental Term B Tranche ") un
Filing Documents
- d848990d8k.htm (8-K) — 29KB
- d848990dex101.htm (EX-10.1) — 1075KB
- 0001193125-24-281320.txt ( ) — 1485KB
- rezi-20241216.xsd (EX-101.SCH) — 3KB
- rezi-20241216_lab.xml (EX-101.LAB) — 18KB
- rezi-20241216_pre.xml (EX-101.PRE) — 11KB
- d848990d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 Fifth Amendment to the Amended and Restated Credit Agreement, dated as of December 16, 2024, by and among Resideo Technologies, Inc., a Delaware corporation, Resideo Holding Inc., a Delaware corporation, Resideo Intermediate Holding Inc., a Delaware corporation, Resideo Funding Inc., a Delaware corporation, the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). - 2 - SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. RESIDEO TECHNOLOGIES, INC. By: /s/ Jeannine J. Lane Name: Jeannine J. Lane Title: Executive Vice President, General Counsel and Corporate Secretary Date: December 18, 2024 - 3 -