APi Group Corp (APG): debt financing — APi Group guides 2025 revenue $7.3-7.5B, adj. EBITDA $970-1,020M; reprices term loan

APi Group Corp

2024-FY EPS reported -$0.84 revenue$7,018,000,000

2024 net revenue expected above prior guide of ~$7B; adjusted EBITDA in-line with $890-900M range (pre-FX).
2025 net revenue guide $7,300-7,500M (organic); adj. EBITDA $970-1,020M (13.4% margin at midpoint).
Repriced Term Loan due 2029: margin reduced 25 bps, annual cash savings ~$5M.
Repaid $100M on Dec 31, 2024; outstanding $2,157M; $1.84B swaps remain.
Net leverage below 2.5x; Investor Day set for May 21, 2025.

item 1.01 item 2.02 item 2.03 item 7.01 item 9.01

Key facts

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 $2,157 million with Citibank, N.A. at a base rate, plus a reduced applicable margin, equal to 0.75% per annum or (2) a maturing January 3, 2029.

Instrument: term loan
Principal: approximately $2,157 million
Counterparty: Citibank, N.A.
Rate: a base rate, plus a reduced applicable margin, equal to 0.75% per annum or (2) a
Maturity: January 3, 2029
Event: incurrence

Exact text from the filing

Amendment No. 7 provides for the refinancing of the existing incremental term loans, denominated in U.S. dollars (the “Existing 2021 Incremental Term Loans”), in full by borrowing principal amounts under the Credit Agreement of approximately $2,157 million (the “Repriced 2021 Incremental Term Loans”), to pay off the outstanding incremental term loans maturing January 3, 2029 under the Existing Credit Agreement on the Funding Date.

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Source: SEC EDGAR

accession 0001193125-25-029131

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