Loan & DebtMay 8, 2026, 04:37 PM
APi Group Prices $500M Senior Notes, Amends Credit Agreement
AI Summary
APi Group Corporation announced the pricing of a $500 million senior unsecured notes offering by its subsidiary, APi Group DE, Inc. The 5.75% senior notes are due in 2034 and were priced at 100% of the principal amount. Concurrently, APi Group intends to amend its existing credit agreement to extend the maturity of its Term Loan B facility to 2033 and upsize its revolving credit facility to $1.0 billion, maturing in 2031. The net proceeds from these financings are earmarked for funding the recently announced acquisitions of Onyx-Fire Protection Services Inc. and Wtech Fire Group, as well as for general corporate purposes.
Key Highlights
- APi Group DE priced $500 million in 5.75% senior unsecured notes due 2034 at 100% of principal.
- The offering is expected to close on or before May 14, 2026.
- Company intends to extend Term Loan B facility maturity to 2033.
- Revolving credit facility to be upsized to $1.0 billion, maturing in 2031.
- Proceeds will fund Onyx-Fire Protection Services Inc. and Wtech Fire Group acquisitions.
- Funds will also be used for general corporate purposes.