APi Group Corporation Upsizes Revolving Credit Facility to $750 Million with Amendment No. 8, Extends Maturity Date and Reduces Interest Margins

Reuters
05-23
APi Group Corporation Upsizes Revolving Credit Facility to $750 Million with Amendment No. 8, Extends Maturity Date and Reduces Interest Margins

APi Group Corporation, through its wholly-owned subsidiary APi Group DE, Inc., has entered into a significant amendment to its existing credit agreement. On May 20, 2025, the company finalized Amendment No. 8, enhancing its financial flexibility. The amendment, coordinated with Citibank, N.A. and several other lenders, includes an upsizing of the revolving credit facility by $250 million, bringing it to a total of $750 million. Additionally, the interest rate margins for the facility have been reduced, and the maturity date extended to five years from the amendment's effective date. This strategic move aims to optimize APi Group's capital structure and support its ongoing growth initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. APi Group Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-125091), on May 22, 2025, and is solely responsible for the information contained therein.

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