secwatch / observer

APi Group Corp — fact timeline

Source-grounded facts extracted from APi Group Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

APG APi Group Corp JSON
Shareholder Votes

APi Group Corp shareholders approved Advisory approval of the frequency of future advisory votes to approve the compensation of the Company's named executive officers at the 2026-05-15 meeting.

“The shareholders approved, on an advisory basis, the frequency of future advisory votes of 1 year to approve the compensation of the Company's named executive officers.”
Shareholder Votes

APi Group Corp shareholders approved Advisory approval of the compensation of the Company’s named executive officers at the 2026-05-15 meeting.

“The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, representing 96.68% votes cast in favor of the proposal.”
Shareholder Votes

APi Group Corp shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year at the 2026-05-15 meeting.

“The shareholders approved the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year.”
Shareholder Votes

APi Group Corp shareholders approved Election of nine director nominees for a one-year term at the 2026-05-15 meeting.

“On May 15, 2026, APi Group Corporation (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”) in a virtual format. At the Annual Meeting, the shareholders voted on (i) the election of nine director nominees for a one-year term, (ii) the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year, (iii) the approval, on an advisory basis, of the compensation of the Company’s named executive officers and (iv) the approval, on an advisory basis, of the frequency of future advisory votes to approve the compensation of the Company's named executive officers.”
Material Agreements

APi Group Corp entered into Indenture for 5.750% Senior Notes due 2034 with Computershare Trust Company, N.A. valued at $500,000,000 aggregate principal amount of 5.750% Senior Notes due 2034; mature June 1, 2034; intere (effective 2026-05-14).

“Notes Offering On May 14, 2026, the Issuer completed its offering of $500,000,000 in aggregate principal amount of 5.750% Senior Notes due 2034 (the "Notes") in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Notes were issued under an indenture, dated as of May 14, 2026 (the "Indenture"), by and among the Issuer, the guarantors party thereto and Computershare Trust Company, N.A., as trustee.”
Material Agreements

APi Group Corp amended Amendment No. 9 to Credit Agreement with Citibank, N.A. valued at Revolving credit commitments increased from $750 million to $1.0 billion; letter of credit sublimit (effective 2026-05-14).

“Amendment to Credit Agreement On May 14, 2026 (the "Effective Date"), APi Group DE, Inc. (the "Borrower" or "Issuer"), a Delaware corporation and wholly owned subsidiary of APi Group Corporation (the "Company"), entered into and closed the transactions contemplated by that certain Amendment No. 9 to Credit Agreement ("Amendment No. 9"), by and among the Borrower, the Company, as a guarantor, certain subsidiaries of the Borrower party thereto, as guarantors, Citibank, N.A., as collateral agent and as administrative agent (in such collective capacities, the "Agent"), and the lenders party thereto, which amends that certain Credit Agreement, dated as of October 1, 2019”
Debt Financings

APi Group Corp incurred senior notes of $500,000,000 in aggregate principal amount of 5.750% Senior Notes due 2034 with Computershare Trust Company, N.A., as trustee at 5.750% per annum maturing June 1, 2034.

“the Issuer completed its offering of $500,000,000 in aggregate principal amount of 5.750% Senior Notes due 2034”
Debt Financings

APi Group Corp amended credit facility of revolving credit commitments under the Credit Agreement were increased from $750 million to $1.0 billion with Citibank, N.A., as collateral agent and as administrative agent maturing the maturity date of the Revolving Credit Facility was extended to May 14, 2031.

“the revolving credit commitments under the Credit Agreement were increased from $750 million to $1.0 billion, through a $250 million incremental revolving credit facility (the “Revolving Credit Facility”); (ii) the maturity date of the Revolving Credit Facility was extended to May 14, 2031”
Earnings Releases

APi Group Corp reported the three months ended March 31, 2026 results: revenue $2.0 billion, net income $57 million, EPS $0.12. Guidance raised.

“Record first quarter net revenues of $2.0 billion, representing year-over-year growth of 15.3%, 10.4% on an organic basis- -Record first quarter reported net income of $57 million with year-over-year growth of 62.9%- -Record first quarter adjusted EBITDA of $235 million with year-over-year growth of 21.8% and adjusted EBITDA margin expansion of 70 basis points to 11.9%- -Raising full-year guidance for net revenues and adjusted EBITDA-”
Debt Financings

APi Group Corp amended revolving credit of $750 million with Citibank, N.A., as collateral agent and as administrative agent at Term SOFR rate plus an applicable margin ranging from 1.25% to 2.00% per annum maturing the fifth anniversary of the Amendment No. 8 Effective Date.

“the “ Credit Agreement ”). Pursuant to Amendment No. 8, on the Amendment No. 8 Effective Date (i) the revolving credit commitments were refinanced and upsized by $250 million to $750 million (the “ Revolving Credit Facility ”), (ii) the applicable margin with respect to the interest rate for the Revolving Credit Facility was reduced, (iii) the revolving credit”
Governance Changes

APi Group Corp: Increased authorized shares of common stock from 500,000,000 to 1,000,000,000 and total capital stock from 507,000,000 to 1,007,000,000 (effective 2025-05-16).

“The Amendment became effective upon the filing of a Certificate of Amendment to the Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware on May 16, 2025.”

G. David Jackola was appointed as Executive Vice President and Chief Financial Officer at APi Group Corp.

“On and effective as of March 28, 2025, the Board of Directors of the Company approved the appointment of Mr. Jackola as the Company’s Executive Vice President and Chief Financial Officer.”
Debt Financings

APi Group Corp incurred term loan of approximately $2,157 million with Citibank, N.A. at a base rate, plus a reduced applicable margin, equal to 0.75% per annum or (2) a maturing January 3, 2029.

“Amendment No. 7 provides for the refinancing of the existing incremental term loans, denominated in U.S. dollars (the “Existing 2021 Incremental Term Loans”), in full by borrowing principal amounts under the Credit Agreement of approximately $2,157 million (the “Repriced 2021 Incremental Term Loans”), to pay off the outstanding incremental term loans maturing January 3, 2029 under the Existing Credit Agreement on the Funding Date.”

David Jackola was appointed as Interim Chief Financial Officer at APi Group Corp.

“the Company also announced that David Jackola will serve as Interim Chief Financial Officer upon Krumm’s departure and until a successor is named.”

Kevin Krumm resigned as Executive Vice President and Chief Financial Officer at APi Group Corp.

“On November 22, 2024, APi Group Corporation (the “Company”) announced that Kevin Krumm, Executive Vice President and Chief Financial Officer, has resigned and will leave the Company effective December 13, 2024 to pursue another professional opportunity.”
Debt Financings

APi Group Corp incurred term loan of approximately $2,257 million with Citibank, N.A. at base rate plus a reduced applicable margin equal to 1.00% per annum, or (ii) a t maturing January 3, 2029.

“Amendment No. 6 provides for the incurrence of a tranche of incremental term loans (the "Repriced 2021 Incremental Term Loans") under the Credit Agreement in an aggregate amount of approximately $2,257 million”
Material Agreements

APi Group Corp amended Amendment No. 6 to Credit Agreement with Citibank, N.A., as collateral agent and as administrative agent valued at approximately $2,257 million (effective 2024-05-10).

“On May 10, 2024 (the “Funding Date”), APi Group DE, Inc. (the “Borrower”), a wholly owned subsidiary of APi Group Corporation (the “Company”) entered into and closed the transactions contemplated by that certain Amendment No. 6 to Credit Agreement (“Amendment No. 6”), by and among the Borrower, the Company, certain subsidiaries of the Borrower party thereto, Citibank, N.A., as collateral agent and as administrative agent (in such collective capacities, the “Agent”), and the lenders party thereto”
Earnings Releases

APi Group Corp reported the three months ended March 31, 2024 results: revenue $1,601, net income $45 million, EPS $(1.34).

“First Quarter 2024 Consolidated Results: Three Months Ended March 31, 2024 2023 Y/Y Y/Y (FFX) (a) Net revenues $ 1,601 $ 1,614 (0.8) % (1.2) % Organic net revenue growth (b) (1.4) % GAAP Gross profit $ 492 $ 425 15.8 % Gross margin 30.7 % 26.3 % + 440 bps Net income $ 45 $ 26 73.1 % Diluted EPS $ (1.34) $ 0.05 NM”
Material Agreements

APi Group Corp entered into Underwriting Agreement with Citigroup Global Markets Inc., BofA Securities, Inc. and UBS Securities LLC, as representatives of the several underwriters valued at $37.50 per share (effective 2024-04-16).

“On April 16, 2024, APi Group Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., BofA Securities, Inc. and UBS Securities LLC, as representatives of the several underwriters named in Schedule II thereto (collectively, the “Underwriters”), relating to the underwritten public offering (the “Offering”) of 11,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Shares”), at a public offering price of $37.50 per share.”
Governance Changes

APi Group Corp: APi Group Corp filed a Certificate of Elimination to remove all matters related to the 5.5% Series B Perpetual Convertible Preferred Stock from its certificate of incorporation, following conversion of all outstanding Series B Preferred Stock into common stock (effective 2024-03-05).

“On March 5, 2024, the Company filed with the Delaware Secretary of State a Certificate of Elimination of 5.5% Series B Perpetual Convertible Preferred Stock of the Company (the “Certificate of Elimination”) which eliminated all matters set forth in the Certificate of Designation of 5.5% Series B Perpetual Convertible Preferred Stock from the Company’s certificate of incorporation.”
Material Agreements

APi Group Corp entered into Underwriting Agreement with UBS Securities LLC and Citigroup Global Markets Inc., as representatives of the several underwriters (effective 2024-02-29).

“On February 29, 2024, APi Group Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with UBS Securities LLC and Citigroup Global Markets Inc., as representatives of the several underwriters named in Schedule III thereto”
Earnings Releases

APi Group Corp reported fourth quarter and full year ended December 31, 2023 results: revenue $6.9 billion (full year), $1,759 million (Q4), net income $153 million (full year), $25 million (Q4), EPS diluted EPS $(0.68) (full year), $(1.08) (Q4).

“APi Group Reports Fourth Quarter and Full Year 2023 Financial Results and Announces Agreement to Retire All Outstanding Series B Preferred Stock from Blackstone and Viking -Record full year net revenues of $6.9 billion, representing approximately 6% and 5.5% reported and organic growth, respectively, with continued double-digit organic core inspection revenue growth- -Record reported net income of $153 million and adjusted EBITDA of $782 million for the full year, representing year-over-year net income growth of 110% and adjusted EBITDA growth of 16.2%-”
Debt Financings

APi Group Corp incurred term loan of $300 million with Blackstone Parties, Viking Parties at Term SOFR rate (adjusted for statutory reserves) plus an applicable margin equal maturing January 3, 2029.

“Amendment No. 5, the 2021 Incremental Term Loans incurred by the Borrower under Amendment No. 4 to the Credit Agreement (the “2021 Incremental Term Loans”) were upsized by an aggregate principal amount equal to $300 million (the “Incremental Term Loan") and issued at par and shall be fungible with the existing 2021 Incremental Term Loans”
Material Agreements

APi Group Corp amended Amendment No. 5 to Credit Agreement with Citibank, N.A., Blackstone Parties, Viking Parties valued at $300 million (effective 2024-02-28).

“On February 28, 2024, the Company and its wholly owned borrower subsidiary, APi Group DE, Inc., (“Borrower”) entered into Amendment No. 5 to Credit Agreement (“Amendment No. 5”) by and among Borrower, the Company, as a guarantor, the Company subsidiary guarantors named therein, Citibank, N.A., as collateral agent and as administrative agent, the Blackstone Parties and the Viking Parties as lenders, which amends the Credit Agreement, dated as of October 1, 2019”
Material Agreements

APi Group Corp entered into Conversion and Repurchase Agreement with Juno Lower Holdings L.P., FD Juno Holdings L.P., Viking Global Equities Master Ltd., and Viking Global Equities II LP (effective 2024-02-28).

“On February 28, 2024, APi Group Corporation (the “Company”) entered into a Conversion and Repurchase Agreement (the “Conversion and Repurchase Agreement”) with Juno Lower Holdings L.P., a Delaware limited partnership (“Juno Lower Holdings”), FD Juno Holdings L.P., a Delaware limited partnership (“FD Juno Holdings”, and together with Juno Lower Holdings, the “Blackstone Parties”), Viking Global Equities Master Ltd., a Cayman Islands exempted company (“VGEM”), and Viking Global Equities II LP, a Delaware limited partnership (“VGE II”, and collectively with VGEM, the “Viking Parties” and collectively with the Blackstone Parties, the “Series B Holders” and each, a “Series B Holder”).”

David S. Blitzer resigned as director at APi Group Corp.

“On February 28, 2024, David S. Blitzer, who was previously nominated by the Blackstone Parties as a member of the Company’s board of directors pursuant to the Blackstone Parties’ nomination right under the securities purchase agreement for the Series B Preferred Shares, resigned as a member of the Company’s board of directors effective as of February 28, 2024.”
Earnings Releases

APi Group Corp updated its the three and nine months ended September 30, 2023 guidance (raised).

“On November 2, 2023, APi Group Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended September 30, 2023.”
Debt Financings

APi Group Corp incurred term loan of approximately $1,407 million with Citibank, N.A. at base rate plus a reduced applicable margin equal to 1.50% or Term SOFR rate (adj maturing January 3, 2029.

“2026 (the “Initial Term Loan”) outstanding under the Credit Agreement as of the date of the closing of Amendment No. 4 (the “Amendment No. 4 Closing Date”) and (b) approximately $1,407 million (the “Repriced 2021 Incremental Term Loan”, and together with the Repriced Initial Term Loan, collectively the “Repriced Term Loans”), which were used to pay off the outstanding”
Debt Financings

APi Group Corp incurred term loan of approximately $505 million with Citibank, N.A. at base rate plus a reduced applicable margin equal to 1.25% or Term SOFR rate (adj maturing October 1, 2026.

“Amendment No. 4 provides for the refinancing of existing term loans denominated in U.S. dollars, by borrowing principal amounts under the Credit Agreement of (a) approximately $505 million (the "Repriced Initial Term Loan")”
Material Agreements

APi Group Corp amended Amendment No. 4 to Credit Agreement with Citibank, N.A., as collateral agent and as administrative agent valued at approximately $505 million (effective 2023-10-11).

“On October 11, 2023, APi Group DE, Inc. ("Borrower"), a wholly owned subsidiary of APi Group Corporation (the "Company") entered into and closed the transactions contemplated by Amendment No. 4 to Credit Agreement ("Amendment No. 4"), by and among Borrower, the Company, as a guarantor, the Company subsidiary guarantors named therein, and Citibank, N.A., as collateral agent and as administrative agent”
Earnings Releases

APi Group Corp reported financial results for the fiscal quarter ended June 30, 2023.

“On August 3, 2023, APi Group Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 30, 2023.”
Earnings Releases

APi Group Corp reported preliminary financial results for second quarter 2023.

“APi Group Corporation (NYSE: APG) (“APi” or the “Company”) today provided preliminary second quarter 2023 results.”
Shareholder Votes

APi Group Corp shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2023-06-15 meeting.

“The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, representing 95.45% votes cast in favor of the proposal.”
Shareholder Votes

APi Group Corp shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year at the 2023-06-15 meeting.

“The shareholders approved the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year.”
Shareholder Votes

APi Group Corp shareholders approved Election of ten director nominees for a one-year term at the 2023-06-15 meeting.

“the shareholders voted on (i) the election of ten director nominees for a one-year term”
Earnings Releases

APi Group Corp reported first quarter ended March 31, 2023 results: revenue $ 1,614, net income $ 26, EPS $ 0.05. Guidance raised.

“us to raise our full year guidance for the business." First Quarter 2023 Consolidated Results: For the Three Months Ended March 31, 2023 2022 Y/Y Y/Y (FFX) (a) Net revenues $ 1,614 $ 1,471 9.7 % 12.1 % Organic net revenue growth (b) 12.1 % GAAP Gross profit $ 425 $ 376 13.0 % Gross margin 26.3 % 25.6 % + 70 bps Net income (loss) $ 26 $ (7 ) NM Diluted EPS $”
Earnings Releases

APi Group Corp reported financial results for the fiscal year ended December 31, 2022.

“On February 28, 2023, APi Group Corporation (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.”
Earnings Releases

APi Group Corp reported financial results for the fourth quarter ended December 31, 2022.

“On February 28, 2023, APi Group Corporation (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.”
Earnings Releases

APi Group Corp reported financial results for its fiscal quarter ended September 30, 2022.

“APi Group Corporation (the "Company") issued a press release announcing its financial results for its fiscal quarter ended September 30, 2022.”

James Arseniadis was appointed as Vice President and Chief Accounting Officer at APi Group Corp.

“James Arseniadis, 39, the Company’s Vice President and Chief Accounting Officer, has been designated as the Company’s principal accounting officer effective August 2, 2022.”

Andrea M. Fike departed as Senior Vice President, General Counsel and Secretary at APi Group Corp.

“The Company also announced that Andrea M. Fike will be retiring from her role as the Company’s Senior Vice President, General Counsel and Secretary, effective July 24, 2022, to pursue other opportunities.”

Louis Lambert was appointed as Senior Vice President, General Counsel and Secretary at APi Group Corp.

“On July 19, 2022, APi Group Corporation (the “ Company ”) announced that effective July 25, 2022, Louis Lambert will serve as the Company’s new Senior Vice President, General Counsel and Secretary.”

Paula Loop was appointed as Director at APi Group Corp.

“On March 28, 2022, APi Group Corporation (the “Company”) appointed Paula Loop to the Company’s Board of Directors (the “Board”), effective as of March 28, 2022.”

Glenn David Jackola was appointed as Vice President, Controller and interim Chief Accounting Officer at APi Group Corp.

“Glenn David Jackola, 42, has been promoted to Vice President, Controller and will also serve as interim Chief Accounting Officer effective March 8, 2022.”

Andy Cebulla resigned as Chief Accounting Officer at APi Group Corp.

“On March 4, 2022, Andy Cebulla resigned from his position as Chief Accounting Officer of APi Group Corporation (the “ Company ”).”

David S. Blitzer was elected as Series B Director at APi Group Corp.

“David S. Blitzer, was elected to the board of directors effective following the issuance of the Series B Preferred Stock and the closing of the Chubb Acquisition.”

Kevin Krumm was appointed as Chief Financial Officer at APi Group Corp.

“The Company also announced that Kevin Krumm, 47, will serve as the Company’s new Chief Financial Officer, effective as of September 20, 2021.”

Thomas A. Lydon departed as Chief Financial Officer at APi Group Corp.

“On September 8, 2021, APi Group Corporation (the “ Company ”) announced that Thomas A. Lydon will no longer serve as the Company’s Chief Financial Officer, effective as of September 7, 2021, but will remain with the Company for a transition period ending December 31, 2021.”

David Blitzer was elected as Series B Director at APi Group Corp.

“The Blackstone SPA provides that the Blackstone Purchasers’ initial nominee to serve as Series B Director is David Blitzer, and that Mr. Blitzer will be elected to the Board immediately following the issuance of the Series B Preferred Stock.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.