---
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"
generated_at: "2026-06-10T00:07:45.294558+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# APi Group reprices ~$1.9B of term loans, extends ~$422M to 2029, reduces margins

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-256079
- JSON: https://secwatch.observer/filing/0001193125-23-256079.json
- Plain text: https://secwatch.observer/filing/0001193125-23-256079.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/0001193125-23-256079-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/0001193125-23-256079-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1796209/000119312523256079/0001193125-23-256079-index.htm

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