Resideo Technologies, Inc. announced a merger of its wholly-owned subsidiary, Resideo Funding Inc., with Resideo Funding II LLC, resulting in the assumption of senior notes and senior credit agreement obligations by the surviving entity. Additionally, the company is paying a one-time cash payment of $11,600,000 to Honeywell International Inc. to terminate a Tax Matters Agreement from its 2018 spin-off. Resideo Technologies, Inc. provides home automation and security solutions for residential and residential-commercial properties.
