Resideo Technologies' (REZI) ADI Global Distribution unit has priced $400 million of senior notes due 2034 through its ADI Escrow Issuer subsidiary as part of the planned spinoff.

ADI also completed syndication for $1.1 billion in credit facilities, including a $600 million term loan and a $500 million revolving credit facility, Resideo said Tuesday in a statement.

ADI plans to use proceeds from the notes and term loan to make a distribution to Resideo tied to the spinoff and to cover related fees and expenses.