APi Group prices 11M-share public offering at $37.50, expects $412.5M gross proceeds

APi Group Corp

Offered 11,000,000 shares at $37.50/share; gross proceeds ~$412.5M before discounts and expenses.
Underwriters granted 30-day option to purchase up to 1,650,000 additional shares.
Net proceeds for general corporate purposes, including capex, working capital, and acquisitions.
Offering closed on April 19, 2024; lead underwriters: Citigroup, BofA Securities, UBS Investment Bank.

Key facts

Extracted from this filing and checked against the source text.

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

APi Group Corp entered into Underwriting Agreement with Citigroup Global Markets Inc., BofA Securities, Inc. and UBS Securities LLC, as representatives of the several underwriters valued at $37.50 per share (effective 2024-04-16).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., BofA Securities, Inc. and UBS Securities LLC, as representatives of the several underwriters
Value: $37.50 per share
Effective: 2024-04-16

Exact text from the filing

On April 16, 2024, APi Group Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., BofA Securities, Inc. and UBS Securities LLC, as representatives of the several underwriters named in Schedule II thereto (collectively, the “Underwriters”), relating to the underwritten public offering (the “Offering”) of 11,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Shares”), at a public offering price of $37.50 per share.

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APi Group Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-102948

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