---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-000650"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2022-01-03T23:59:59+00:00"
generated_at: "2026-06-27T21:27:25.985665+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# APi Group completes $3.1B acquisition of Chubb fire & security business

## Summary
- APi completed acquisition of Chubb from Carrier for $3.1B enterprise value ($2.9B cash + ~$200M assumed liabilities).
- Financed via $800M Series B perpetual convertible preferred stock (5.5%, sold to Blackstone and Viking), $1.1B term loan, and $300M 4.75% senior notes due 2029.
- David S. Blitzer appointed to board as Series B director effective upon closing of the acquisition.
- Board approved stock dividend of ~7.54M common shares to Series A preferred holder for 2021 annual dividend.
- Chubb employs ~13,000 people, serves 1.5M customer sites across 17 countries; combined workforce ~26,000.

## SEC filing metadata
- accession: 0001193125-22-000650
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2022-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 3.03, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000119312522000650/0001193125-22-000650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000119312522000650/d251823d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-000650
- JSON: https://secwatch.observer/filing/0001193125-22-000650.json
- Plain text: https://secwatch.observer/filing/0001193125-22-000650.txt

## Key facts
- Executive change
  David S. Blitzer was elected as Series B Director at APi Group Corp.
  - Action: elected
  - Role: Series B Director
  source text: David S. Blitzer, was elected to the board of directors effective following the issuance of the Series B Preferred Stock and the closing of the Chubb Acquisition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1796209/000119312522000650/0001193125-22-000650-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.