APi Group Corp (APG): debt financing — APi Group closes $500M 5.75% notes due 2034; revolver upsized to $1B

APi Group Corp

Revolver commitments increased from $750M to $1.0B; maturity extended to May 14, 2031.
Term loan B maturity extended to May 14, 2033.
Issued $500M of 5.750% Senior Notes due 2034; proceeds for general corporate purposes including acquisitions.
Letter of credit sublimit increased from $250M to $300M; negative covenants modified for operational flexibility.

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 senior notes of $500,000,000 in aggregate principal amount of 5.750% Senior Notes due 2034 with Computershare Trust Company, N.A., as trustee at 5.750% per annum maturing June 1, 2034.

Instrument: senior notes
Principal: $500,000,000 in aggregate principal amount of 5.750% Senior Notes due 2034
Counterparty: Computershare Trust Company, N.A., as trustee
Rate: 5.750% per annum
Maturity: June 1, 2034
Event: incurrence

Exact text from the filing

the Issuer completed its offering of $500,000,000 in aggregate principal amount of 5.750% Senior Notes due 2034

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

APi Group Corp amended credit facility of revolving credit commitments under the Credit Agreement were increased from $750 million to $1.0 billion with Citibank, N.A., as collateral agent and as administrative agent maturing the maturity date of the Revolving Credit Facility was extended to May 14, 2031.

Instrument: credit facility
Principal: revolving credit commitments under the Credit Agreement were increased from $750 million to $1.0 billion
Counterparty: Citibank, N.A., as collateral agent and as administrative agent
Maturity: the maturity date of the Revolving Credit Facility was extended to May 14, 2031
Event: amendment

Exact text from the filing

the revolving credit commitments under the Credit Agreement were increased from $750 million to $1.0 billion, through a $250 million incremental revolving credit facility (the “Revolving Credit Facility”); (ii) the maturity date of the Revolving Credit Facility was extended to May 14, 2031

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

APi Group Corp amended Amendment No. 9 to Credit Agreement with Citibank, N.A. valued at Revolving credit commitments increased from $750 million to $1.0 billion; letter of credit sublimit (effective 2026-05-14).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A.
Value: Revolving credit commitments increased from $750 million to $1.0 billion; letter of credit sublimit
Effective: 2026-05-14

Exact text from the filing

Amendment to Credit Agreement On May 14, 2026 (the "Effective Date"), APi Group DE, Inc. (the "Borrower" or "Issuer"), a Delaware corporation and wholly owned subsidiary of APi Group Corporation (the "Company"), entered into and closed the transactions contemplated by that certain Amendment No. 9 to Credit Agreement ("Amendment No. 9"), by and among the Borrower, the Company, as a guarantor, certain subsidiaries of the Borrower party thereto, as guarantors, Citibank, N.A., as collateral agent and as administrative agent (in such collective capacities, the "Agent"), and the lenders party thereto, which amends that certain Credit Agreement, dated as of October 1, 2019

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

APi Group Corp entered into Indenture for 5.750% Senior Notes due 2034 with Computershare Trust Company, N.A. valued at $500,000,000 aggregate principal amount of 5.750% Senior Notes due 2034; mature June 1, 2034; intere (effective 2026-05-14).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A.
Value: $500,000,000 aggregate principal amount of 5.750% Senior Notes due 2034; mature June 1, 2034; intere
Effective: 2026-05-14

Exact text from the filing

Notes Offering On May 14, 2026, the Issuer completed its offering of $500,000,000 in aggregate principal amount of 5.750% Senior Notes due 2034 (the "Notes") in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Notes were issued under an indenture, dated as of May 14, 2026 (the "Indenture"), by and among the Issuer, the guarantors party thereto and Computershare Trust Company, N.A., as trustee.

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APi Group Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-229096

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