Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
APi Group Corp incurred term loan of approximately $505 million with Citibank, N.A. at base rate plus a reduced applicable margin equal to 1.25% or Term SOFR rate (adj maturing October 1, 2026.
- Instrument
- term loan
- Principal
- approximately $505 million
- Counterparty
- Citibank, N.A.
- Rate
- base rate plus a reduced applicable margin equal to 1.25% or Term SOFR rate (adj
- Maturity
- October 1, 2026
- Event
- incurrence
Exact text from the filing
Amendment No. 4 provides for the refinancing of existing term loans denominated in U.S. dollars, by borrowing principal amounts under the Credit Agreement of (a) approximately $505 million (the "Repriced Initial Term Loan")
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
APi Group Corp incurred term loan of approximately $1,407 million with Citibank, N.A. at base rate plus a reduced applicable margin equal to 1.50% or Term SOFR rate (adj maturing January 3, 2029.
- Instrument
- term loan
- Principal
- approximately $1,407 million
- Counterparty
- Citibank, N.A.
- Rate
- base rate plus a reduced applicable margin equal to 1.50% or Term SOFR rate (adj
- Maturity
- January 3, 2029
- Event
- incurrence
Exact text from the filing
2026 (the “Initial Term Loan”) outstanding under the Credit Agreement as of the date of the closing of Amendment No. 4 (the “Amendment No. 4 Closing Date”) and (b) approximately $1,407 million (the “Repriced 2021 Incremental Term Loan”, and together with the Repriced Initial Term Loan, collectively the “Repriced Term Loans”), which were used to pay off the outstanding
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
APi Group Corp amended Amendment No. 4 to Credit Agreement with Citibank, N.A., as collateral agent and as administrative agent valued at approximately $505 million (effective 2023-10-11).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Citibank, N.A., as collateral agent and as administrative agent
- Value
- approximately $505 million
- Effective
- 2023-10-11
Exact text from the filing
On October 11, 2023, APi Group DE, Inc. ("Borrower"), a wholly owned subsidiary of APi Group Corporation (the "Company") entered into and closed the transactions contemplated by Amendment No. 4 to Credit Agreement ("Amendment No. 4"), by and among Borrower, the Company, as a guarantor, the Company subsidiary guarantors named therein, and Citibank, N.A., as collateral agent and as administrative agent
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