We advised the administrative agent and joint lead arrangers on the facility

Davis Polk advised the administrative agent and joint lead arrangers in connection with a $1.2 billion incremental term loan facility provided to Resideo Funding Inc. The proceeds of the loans will be used, among other things, for a one-time cash payment to Honeywell International Inc. in lieu of all future payments to which it was entitled pursuant to an indemnification agreement with Resideo.

Resideo Technologies, Inc. is a leading global manufacturer and distributer of technology-driven products and solutions that provide comfort, security, energy efficiency and control to customers worldwide. Building on a 130-year heritage, Resideo has a presence in more than 150 million homes, with 15 million systems installed in homes each year.

The Davis Polk finance team included partner David Hahn, counsel Mayer J. Steinman and associates Theodore N. Batis, Jason Levine, Blair Shi and Muriel Wang. All members of the Davis Polk team are based in the New York office.

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