SCOTTSDALE, Ariz. — Resideo Technologies, Inc., a global developer and manufacturer of critical control and sensing solutions for residential end markets, today announces the completion of its spinoff of ADI Global Distribution Inc., establishing Resideo as “a pure-play building technologies company.”
Resideo will continue to trade on the New York Stock Exchange under the ticker symbol REZI and ADI’s common stock will begin “regular-way” trading today on the New York Stock Exchange under the ticker symbol ADIG, according to the joint announcement.
“With trusted and iconic brands, deep relationships with pros and a 140-year heritage of innovation, Resideo is poised to start this next chapter as a pure-play building technologies company,” says Tom Surran, president and chief executive officer of Resideo, in the announcement.
“With dedicated strategic, operational and financial focus, we are ready to capture the profitable growth opportunities ahead and drive above market growth and sustained margin expansion,” he says.
How Did Resideo Complete the ADI Spinoff?
The Resideo spinoff of ADI Global Distribution was completed through the distribution of all of the issued and outstanding shares of ADI common stock to Resideo common shareholders on the basis of one share of ADI common stock for every two shares of Resideo common stock held of record as of the close of business on July 20, 2026.
Resideo shareholders of record will also receive cash in lieu of any fractional shares to which they would otherwise be entitled.
In connection with the spinoff, Resideo repaid $900 million of outstanding principal under its Term Loan B credit facility. Resideo expects to make a further repayment of approximately $200 million under its Term Loan B credit facility following the completion of the post-closing cash adjustment under the separation agreement with ADI.
Resideo expects to make this repayment by the end of the third fiscal quarter. Additionally, the outstanding Resideo Series A Cumulative Convertible Participating Preferred Stock was reduced by 150,000 shares in connection with the completion of the spin-off, leaving 350,000 shares outstanding, with a proportional adjustment to the conversion price thereof.
