debt
confidence high
sentiment neutral
materiality 0.70
APi Group prices $500M 5.75% senior notes due 2034; also amending credit facility
APi Group Corp
- Launched $500M senior unsecured notes offering, priced at 5.75% due 2034, at par.
- Expected to close notes on or before May 14, 2026, subject to customary conditions.
- Net proceeds to fund Onyx-Fire Protection Services and Wtech Fire Group acquisitions plus general corporate purposes.
- Amending credit agreement: Term Loan B maturity extended to 2033; revolver upsized to $1.0B and extended to 2031.
- Notes are senior unsecured obligations of APi Group DE, fully guaranteed by parent and certain subsidiaries.