APi Group Corp (APG): debt financing — APi Group upsizes revolver to $750M, extends maturity; approves 3-for-2 stock split

APi Group Corp

Revolver upsized by $250M to $750M; maturity extended to 5 years from closing date.
Applicable margin reduced: initially 1.50% (Term SOFR) and 0.50% (base); later based on leverage.
Credit spread adjustment on revolver removed; letter of credit fees margin reduced.
Board approves 3-for-2 stock split via dividend of 0.5 share per share; payable June 30, 2025, record June 16.
Cash paid in lieu of fractional shares; preferred stock conversion adjusted to 6M shares.

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 amended revolving credit of $750 million with Citibank, N.A., as collateral agent and as administrative agent at Term SOFR rate plus an applicable margin ranging from 1.25% to 2.00% per annum maturing the fifth anniversary of the Amendment No. 8 Effective Date.

Instrument: revolving credit
Principal: $750 million
Counterparty: Citibank, N.A., as collateral agent and as administrative agent
Rate: Term SOFR rate plus an applicable margin ranging from 1.25% to 2.00% per annum
Maturity: the fifth anniversary of the Amendment No. 8 Effective Date
Event: amendment

Exact text from the filing

the “ Credit Agreement ”). Pursuant to Amendment No. 8, on the Amendment No. 8 Effective Date (i) the revolving credit commitments were refinanced and upsized by $250 million to $750 million (the “ Revolving Credit Facility ”), (ii) the applicable margin with respect to the interest rate for the Revolving Credit Facility was reduced, (iii) the revolving credit

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Source: SEC EDGAR

accession 0001193125-25-125091

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