secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2021-07-30T23:59:59+00:00
Accession:  0001193125-21-230264
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 3.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group to acquire Chubb fire & security for $3.1B, funded with cash and $800M preferred equity
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- Enterprise value of $3.1B: $2.9B cash plus ~$200M assumed liabilities.
- Financed with $800M perpetual convertible preferred: $600M from Blackstone, $200M from Viking Global.
- Chubb had trailing 12-month revenue of ~$2.2B and adjusted EBITDA of ~$213M.
- Transaction expected to close around year-end 2021, subject to regulatory approvals and works council consultation.
- David Blitzer (Blackstone) will join APi board upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000119312521230264/0001193125-21-230264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000119312521230264/d146150d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-230264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer