Resideo Technologies Enhances Board and Restructures Financing
Company Announcements

Resideo Technologies Enhances Board and Restructures Financing

Resideo Technologies (REZI) has shared an update.

Resideo Technologies, Inc. has amended its investment agreement with investment firm CD&R, which has now purchased 500,000 shares of preferred stock for a total of $500 million. The amendment modifies board designation rights, now included in the Certificate of Designations, allowing CD&R to appoint board members based on its ownership level. Additionally, the company has restructured its credit arrangements, obtaining new term loans and revolving commitments to finance a merger with Snap One Holdings Corp, resulting in Snap One becoming a wholly owned subsidiary of Resideo Technologies.

For detailed information about REZI stock, go to TipRanks’ Stock Analysis page.

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