{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-256079","form_type":"8-K","ticker":"APG","cik":"0001796209","company_name":"APi Group Corp","filed_at":"2023-10-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.493767+00:00","generated_at":"2026-06-10T00:07:45.294558+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"APi Group reprices ~$1.9B of term loans, extends ~$422M to 2029, reduces margins","bullets":["Repriced Initial Term Loan ~$505M (matures Oct 1, 2026); Repriced 2021 Incremental ~$1,407M (matures Jan 3, 2029).","~$422M of Initial Term Loans extended to match Jan 2029 maturity via Repriced 2021 Incremental Term Loans.","Interest margins reduced: Repriced Initial Term at SOFR+2.25% + CSA; Repriced 2021 at SOFR+2.50% + CSA.","Quarterly principal payments of 1.00% per annum; $1.12B interest rate swaps remain in effect."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-256079","json":"https://secwatch.observer/filing/0001193125-23-256079.json","markdown":"https://secwatch.observer/filing/0001193125-23-256079.md","text":"https://secwatch.observer/filing/0001193125-23-256079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/0001193125-23-256079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/d565224d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T00:07:45.294558+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a773828f7727da62da0cf52e9861cb28b8389a0b","claim":"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.","evidence_excerpt":"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\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/0001193125-23-256079-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"approximately $505 million"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Rate","value":"base rate plus a reduced applicable margin equal to 1.25% or Term SOFR rate (adj"},{"label":"Maturity","value":"October 1, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d07b9d7349cc96e8f3a49bf10d61de2ab30f5386","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/0001193125-23-256079-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"approximately $1,407 million"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Rate","value":"base rate plus a reduced applicable margin equal to 1.50% or Term SOFR rate (adj"},{"label":"Maturity","value":"January 3, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"851d433b6466deb2126137848b8a6dda9f19d437","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/0001193125-23-256079-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as collateral agent and as administrative agent"},{"label":"Value","value":"approximately $505 million"},{"label":"Effective","value":"2023-10-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}