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RESIDEO TECHNOLOGIES, INC. (REZI) filed an 8-K current report with the SEC on July 1, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). $400M senior notes issued at 7.125%, maturing July 15, 2034, funding ADI Global Distribution’s planned spin-off.
RESIDEO TECHNOLOGIES, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $400M senior notes issued at 7.125%, maturing July 15, 2034, funding ADI Global Distribution’s planned spin-off
- $600M term loan and $500M revolving facility established, with borrowings permitted after spin-off completion
- Approximately $900M one-time cash dividend to Resideo planned using term-loan and notes proceeds
- Notes redeemed at 100% plus accrued interest if spin-off conditions remain unmet by December 31, 2026
- Revolver leverage covenant starts at 4.75x and steps down to 3.50x, increasing refinancing and financial-flexibility risk
Item 7.01 · Regulation FD Disclosure
- Standard Regulation FD disclosure disclaimer limiting Section 18 liability for the reported information
- Information generally excluded from incorporation by reference into future Securities Act or Exchange Act filings
Item EX-99.1 · Exhibit EX-99.1
- Spin-off distribution set for August 3, 2026; shareholders receive one ADI share per two REZI shares held July 20
- ADI expected to begin NYSE trading August 4 under “ADIG”; when-issued trading expected around July 29
- ADI raised $400 million through 7.125% senior notes due 2034, increasing standalone leverage and annual interest obligations
- ADI secured $600 million term loan and $500 million revolving facility; proceeds fund Resideo distribution and separation costs
- Tax-free treatment expected; completion remains subject to customary conditions and separation risks
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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