Deal Details

APi Completes $412.5 Million Follow-On Offering

Technology & Services

APi follow-on offering

Summary

APi Group Corporation (“APi” or the “Company”) (NYSE: APG) recently completed an underwritten public offering of common stock (the “Offering”). The aggregate size of the Offering was 11,000,000 shares of common stock at a price of $37.50 per share, generating $412.5 million in gross proceeds to APi. APi has granted to the underwriters a 30-day option to purchase an additional 1,650,000 shares of its common stock. APi intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures, working capital and acquisitions.

Baird served as a bookrunner on this Offering.

About

APi is a global, market-leading business services provider of life safety, security and specialty services with a substantial recurring revenue base and over 500 locations worldwide. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. APi has a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for its customers. APi is headquartered in New Brighton, Minnesota.

Technology & Services

APi follow-on offering