S&P puts Snap One on positive watch

S&P said it placed its B issuer credit rating and issue-level ratings on Snap One Holdings Corp. on CreditWatch with positive implications.

Resideo Technologies Inc. announced that it agreed to acquire Snap One Holdings for a total transaction value of approximately $1.4 billion.

“We expect Snap One will integrate with higher-rated Resideo and that all its debt will be repaid upon close of the acquisition in the second half of 2024,” S&P said in a news release.

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