Resideo Technologies, Inc. (REZI) Prices 17M Share Common Offering at $15/Sh

Resideo Technologies, Inc. (NYSE: REZI) today announced the pricing of an underwritten public offering of 17,000,000 shares of its common stock at a price to the public of $15.00 per share, before underwriting discounts and commissions. The offering is expected to close on November 20, 2020, subject to customary closing conditions.

Resideo intends to use the net proceeds of this offering to repay borrowings under its revolving credit facility and for general corporate purposes, including funding growth investments and potential acquisitions.

Morgan Stanley and Evercore ISI are acting as lead joint book-running managers on the transaction. BofA Securities and J.P. Morgan are acting as additional bookrunners on the transaction. Raymond James, William Blair and KeyBanc Capital Markets are acting as co-managers on the transaction. The underwriters have the option to purchase up to an aggregate of 2,550,000 additional shares of common stock from Resideo.

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