Resideo to launch $200 million add-on term loan on Wednesday

By Sara Rosenberg

New York, Feb. 15 – Resideo Technologies Inc. is scheduled to hold a lender call at 2 p.m. ET on Wednesday to launch a fungible $200 million add-on term loan due 2028, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at 5 p.m. ET on Feb. 23.

Proceeds will be used to help fund the acquisition of First Alert Inc., an Aurora, Ill.-based provider of home safety products, from Newell Brands Inc. for $593 million and for general corporate purposes.

Closing is expected this quarter, subject to customary conditions, including regulatory approvals.

Resideo is an Austin, Tex.-based provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products.

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