APi Group Announces Closing of Senior Notes Offering
June 22 2021 - 4:01PM
Business Wire
APi Group Corporation (NYSE: APG) (“APG”, or “APi” or the
“Company”) today announced that it has closed its previously
announced private offering by APi Group DE, Inc., a wholly-owned
subsidiary of the Company, of $350 million aggregate principal
amount of 4.125% Senior Notes due 2029 (the “Notes”). The Notes are
fully and unconditionally guaranteed on a senior unsecured basis by
the Company and certain of the Company’s existing and future
domestic subsidiaries.
The Company intends to use the net proceeds from the sale of the
Notes to repay outstanding indebtedness and for general corporate
purposes, as well as for transaction fees and expenses.
The Notes were offered solely to persons reasonably believed to
be qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and to
non-U.S. persons in accordance with Regulation S under the
Securities Act. The Notes and related guarantees have not been
registered under the Securities Act or any state securities laws
and, unless so registered, may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements of the Securities Act and any applicable
state securities laws.
This press release does not constitute an offer to sell, or a
solicitation of an offer to purchase any securities and shall not
constitute an offer, solicitation or sale of any securities in any
jurisdiction in which, or to any person to whom, such an offer,
solicitation, or sale is unlawful. This press release is being
issued pursuant to and in accordance with Rule 135c under the
Securities Act.
Forward-Looking Statements
This press release contains forward-looking statements,
including, but not limited to, statements regarding the Company’s
planned use of any proceeds from the offering of the Notes. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, market and other general economic conditions, the Company’s
perception of future availability of equity or debt financing
needed to fund its businesses and the risk factors set forth in the
periodic reports and other documents filed or to be filed by the
Company with the Securities and Exchange Commission, including the
Company’s annual report on Form 10-K for the year ended December
31, 2020 and quarterly report on Form 10-Q for the quarter ended
March 31, 2021. These forward-looking statements are made as of the
date of this press release and the Company undertakes no obligation
to update any forward-looking statements, whether as a result of
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622006032/en/
Investor Relations Inquiries: Olivia Walton Vice
President of Investor Relations Tel: +1 651-604-2773 Email:
investorrelations@apigroupinc.us
Media Contact: Liz Cohen Kekst CNC Tel: +1 212-521-4845
Email: Liz.Cohen@kekstcnc.com
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