APi Group Announces Successful Completion of Debt Refinancing and Provides Update on Upcoming Investor Conference
APi Group Corporation (APG)
Company Research
Source: Business Wire
NEW BRIGHTON, Minn.--(BUSINESS WIRE)--APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) a global, market-leading business services provider of life safety, security and specialty services, today announced the successful refinancing of all of its term loans through an upsizing and repricing of its term loans due 2029. The repricing reduces the applicable margin on all outstanding terms loans due 2029 by 50 basis points and removes the credit spread adjustment, representing an estimated cash interest savings of approximately $12 million annually.As part of the transaction, APi incurred approximately $2,257 million of incremental term loans due 2029 under its credit agreement, the proceeds of which were used (i) to refinance and reprice its existing $1,707 million of term loans due 2029, (ii) to repay the remaining $330 million of term loans due 2026, (iii) to repay the $100 million of revolving credit loans outstanding under its credit agreement and (iv) for general
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APG
Earnings
- 5/2/24 - Beat
APG
Sec Filings
- 6/25/24 - Form 4
- 6/20/24 - Form 8-K
- 6/18/24 - Form 4
- APG's page on the SEC website