debt
confidence high
sentiment neutral
materiality 0.65
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.
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