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Get filing alertsResideo settles Honeywell spin-off tax obligations for $11.6M, completes subsidiary merger
Filed June 24, 2026 · Period ending June 22, 2026 · ~1 min read
Key Changes
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Resideo paid Honeywell $11.6 million to terminate the Tax Matters Agreement from its 2018 spin-off, closing out legacy tax obligations and obtaining mutual release of all related claims.
Item 8.01 verify on EDGAR → -
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The company merged two wholly-owned subsidiaries, with Resideo Funding II LLC assuming obligations under the 4.000% Senior Notes due 2029 and 6.500% Senior Notes due 2032.
Item 1.01 verify on EDGAR → -
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The surviving subsidiary assumed borrower obligations under Resideo's credit agreement and granted security interests in substantially all its assets.
Item 1.01 verify on EDGAR →
Summary
Resideo Technologies closed a chapter from its 2018 separation from Honeywell by terminating the Tax Matters Agreement that governed post-spin tax obligations. The company paid Honeywell $11.6 million as a one-time settlement and both parties released each other from all tax-related claims stemming from the separation.
This eliminates potential future disputes or liabilities tied to the spin-off, nearly eight years after the transaction. Separately, Resideo completed an internal reorganization by merging subsidiary Resideo Funding Inc. into Resideo Funding II LLC. The surviving entity assumed all obligations under the company's outstanding senior notes (4.000% due 2029 and 6.500% due 2032) and its credit agreement.
The terms of the debt instruments remain unchanged; this is a routine subsidiary restructuring with no impact on consolidated obligations or noteholder rights. The $11.6 million Honeywell payment represents a discrete cash outflow to resolve legacy matters, while the subsidiary merger is an administrative simplification of the corporate structure.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 22, 2026, the Company and Honeywell International Inc., a corporation organized under the laws of the State of Delaware (“Honeywell”) entered into that certain Termination and Release Agreement, dated as of June 22, 2026 (the “Termination Agreement”), pursuant to which the parties agreed to terminate that certain Tax Matters Agreement, dated as of October 19, 2018 by and between the Company and Honeywell (the “TMA”) which was entered into as part of the spin-off of the Company from Honeywell. Pursuant to the Termination Agreement, the Company is required to pay Honeywell a one-time cash payment of $11,600,000.
Resideo is terminating the Tax Matters Agreement that governed tax obligations from its 2018 spin-off from Honeywell. The company will pay Honeywell $11.6 million as a one-time settlement. This closes out a legacy relationship from the separation nearly eight years ago.
Added in current filing · verify on EDGAR →
The Termination Agreement also contains a mutual release of claims related to, arising out or otherwise in connection with the TMA and other tax-related liabilities related to, arising out, or otherwise in connection with, that certain Separation and Distribution Agreement, dated as of October 19, 2018, by and between the Company and Honeywell and the ancillary agreements entered into in connection therewith.
Both parties are releasing each other from all claims related to the Tax Matters Agreement and other tax liabilities stemming from the 2018 separation agreements. This provides finality and eliminates potential future disputes or liabilities tied to the spin-off.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Resideo Funding II LLC, by a joinder to second amended and restated credit agreement and borrower assumption (the “Borrower Assumption”), assumed Resideo Funding Inc.’s obligations as the “Borrower” and as a “Loan Party” under the Credit Agreement (as defined below) and the other loan documents relating thereto.
The surviving entity also assumed borrower obligations under the company's credit agreement dated June 4, 2026. As part of this assumption, the entity granted security interests in substantially all its assets and agreed to guarantee obligations of the parent and other subsidiaries under the credit facility.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 24, 2026, Resideo Funding Inc., a wholly-owned subsidiary of Resideo Technologies, Inc. (the “Company”) merged with and into Resideo Funding II LLC, a wholly-owned subsidiary of the Company, with Resideo Funding II LLC continuing as the surviving entity (the “Merger”).
The company completed an internal reorganization by merging Resideo Funding Inc. into Resideo Funding II LLC. This is a subsidiary-level restructuring with no change to the parent company's consolidated obligations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 24, 2026 · How we verify