APi Group: Blackstone and Viking sell 12.15M shares in upsized secondary at $34.25; Series B preferred eliminated

APi Group Corp

Secondary offering upsized to 10,569,106 shares (plus 1,585,365 option exercised=12,154,471 total) at $34.25/share.
Selling stockholders (Blackstone and Viking) converted all 5.5% Series B Perpetual Convertible Preferred into common before sale.
APi received no proceeds from the offering; all shares sold by existing holders.
Company filed Certificate of Elimination to remove Series B Preferred Stock from charter, effective March 5, 2024.
Lock-up agreements: company, execs, directors, and selling stockholders subject to 90-day trading restriction.

item 1.01 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 1.0

APi Group Corp: APi Group Corp filed a Certificate of Elimination to remove all matters related to the 5.5% Series B Perpetual Convertible Preferred Stock from its certificate of incorporation, following conversion of all outstanding Series B Preferred Stock into common stock (effective 2024-03-05).

Change: charter amendment
Effective: 2024-03-05

Exact text from the filing

On March 5, 2024, the Company filed with the Delaware Secretary of State a Certificate of Elimination of 5.5% Series B Perpetual Convertible Preferred Stock of the Company (the “Certificate of Elimination”) which eliminated all matters set forth in the Certificate of Designation of 5.5% Series B Perpetual Convertible Preferred Stock from the Company’s certificate of incorporation.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APi Group Corp entered into Underwriting Agreement with UBS Securities LLC and Citigroup Global Markets Inc., as representatives of the several underwriters (effective 2024-02-29).

Action: entry
Agreement: underwriting
Counterparty: UBS Securities LLC and Citigroup Global Markets Inc., as representatives of the several underwriters
Effective: 2024-02-29

Exact text from the filing

On February 29, 2024, APi Group Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with UBS Securities LLC and Citigroup Global Markets Inc., as representatives of the several underwriters named in Schedule III thereto

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235 governance changes filed in the last 30 days. Browse all governance changes →

APi Group Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-059240

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