---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-041898"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:39:03.139757+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-041898
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000162828023041898/0001628280-23-041898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000162828023041898/apg-20231219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-041898
- JSON: https://secwatch.observer/filing/0001628280-23-041898.json
- Plain text: https://secwatch.observer/filing/0001628280-23-041898.txt

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