---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034005"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:33:38.997719+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-034005
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000162828023034005/0001628280-23-034005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000162828023034005/apg-20231006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034005
- JSON: https://secwatch.observer/filing/0001628280-23-034005.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.