{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-125091","form_type":"8-K","ticker":"APG","cik":"0001796209","company_name":"APi Group Corp","filed_at":"2025-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.753288+00:00","generated_at":"2026-05-20T18:38:46.713088+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"APi Group upsizes revolver to $750M, extends maturity; approves 3-for-2 stock split","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-125091","json":"https://secwatch.observer/filing/0001193125-25-125091.json","markdown":"https://secwatch.observer/filing/0001193125-25-125091.md","text":"https://secwatch.observer/filing/0001193125-25-125091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1796209/000119312525125091/0001193125-25-125091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1796209/000119312525125091/d56815d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T18:38:46.713088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ff52e62e0bfd42abac657ed2bf5824497fd10d78","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1796209/000119312525125091/0001193125-25-125091-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$750 million"},{"label":"Counterparty","value":"Citibank, N.A., as collateral agent and as administrative agent"},{"label":"Rate","value":"Term SOFR rate plus an applicable margin ranging from 1.25% to 2.00% per annum"},{"label":"Maturity","value":"the fifth anniversary of the Amendment No. 8 Effective Date"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}