APi Group Raises $300M Via Senior Debt Offering

Comments
Loading...
  • APi Group Corp APG prices private offering by its subsidiary APi Escrow Corp. of $300 million 4.750% Senior Notes due 2029 at an issue price of $1,000 per $1,000 principal amount.
  • The private offering is expected to close on October 21, 2021.
  • APi Group estimates that the gross proceeds to be ~$300 million. It intends to use the net proceeds to finance a portion of the consideration for the Chubb Acquisition and related fees and expenses.
  • Price Action: APG shares closed higher by 0.37% at $20.60 on Wednesday.
APG Logo
APGAPi Group Corp
$32.37-4.54%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum57.81
Growth79.23
Quality-
Value22.12
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In: