APi Group reprices term loans, saves $4M annually; extends $422M to 2029

APi Group Corp

Reduced applicable margin by 25 bps on Term Loans due 2026 and 2029, saving ~$4M annually.
$422M of Term Loan due 2026 extended to 2029; $100M repaid at close.
Post-transaction: $505M outstanding on 2026 term loan, $1,407M on 2029 term loan.
CFO expects net leverage within 2.0–2.5x target by year-end 2023.
$1.12B of interest rate swaps remain in effect following the repricing.

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