Benzinga | Feb 17, 2021 06:34AM EST

Resideo Highlights Completion Of Debt Refinancing

AUSTIN, Texas, Feb. 17, 2021 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global provider of home comfort and security solutions, today announced that the company has completed the refinancing of its senior secured term loan A and term loan B with the net proceeds of a new 7-year, $950 million senior secured term loan B maturing in 2028. The interest rate on the new term loan B is LIBOR + 225 basis points. The company also entered into a new 5-year, $500 million revolving credit facility. The credit facility matures in 2026 and carries an interest rate that is initially LIBOR + 225 basis points on borrowings but is subject to reduction based upon the company's leverage ratio.