APi Group pays down $175M on Term Loan; $475M YTD, leverage target <2.5x

APi Group Corp

Paid down an additional $175M on Term Loan due 2026; $330M remains outstanding.
Total debt repaid year-to-date is $475M.
Expects 2023 year-end net leverage ratio below 2.5x.
CFO cites balance sheet strength for returning to bolt-on M&A in 2023 and growing adjusted free cash flow in 2024.

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