APi Group closes $500M bond offering and credit facility amendment

APi Group Corporation (NYSE: APG) completed two financing transactions, including a private offering of $500 million in 5.75% senior notes due 2034 and an amendment to its existing credit agreement.

The amendment extends the maturity of the company's Term Loan B facility to 2033 and increases its revolving credit facility to $1.0 billion with a 2031 maturity date, according to a company statement.

The senior notes were offered through a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. persons under Regulation S.

APi Group provides fire and life safety, security, elevator and escalator, and specialty services through more than 500 locations worldwide. The company serves customers across multiple industries with statutorily mandated and contracted services.

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