Resideo Technologies $1.45 billion refinancing
We advised the agent and lead arrangers on the refinancing
Davis Polk advised the agent and lead arrangers, in connection with a $950 million term loan facility and a $500 million senior secured revolving facility for Resideo Technologies, Inc. Proceeds of the term loan facility will be used to refinance amounts outstanding under the existing term loan facility and to redeem a portion of the company’s senior unsecured notes.
Resideo Technologies, Inc. is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments. Resideo has a growing portfolio of connected home solutions supported by software platforms that allow consumers and channel partners to easily install, use and maintain its solutions and third party devices.
The Davis Polk finance team included partner Jeong M. Lee, counsel Mayer J. Steinman and associates Scott G. Johnsson and Brittany Taylor. The tax team included partner Michael Farber and associate Tomislava Dragicevic. Counsel David A. Zilberberg provided environmental advice. Counsel Susan D. Kennedy and associate Ben Somogyi provided real estate advice. Associate Jay Frankel provided intellectual property advice. All members of the Davis Polk team are based in the New York office.