APi Group Corporation - APG STOCK NEWS

APi Group Corporation (NYSE: APG) has successfully closed a private offering of $350 million in 4.125% Senior Notes due 2029, guaranteed by the Company and its subsidiaries. The proceeds will be used to pay off existing debt, cover general corporate expenses, and transaction fees. The offering complies with Rule 144A and Regulation S under the Securities Act, meaning these Notes are limited to institutional buyers and non-U.S. persons. This press release serves as a notification and not an offer to sell securities.

APi Group Corporation (NYSE: APG) has announced the upsizing of its offering of 4.125% Senior Notes due 2029, increasing the total to $350 million. This represents a $50 million increase from the initial offering. The private offering is set to close on June 22, 2021, and will be available to qualified institutional buyers and non-U.S. persons. Proceeds from the offering will primarily be used to repay outstanding debt and for general corporate needs. However, completion of the offering is not guaranteed, and the notes have not been registered under the Securities Act.

APi Group Corporation (NYSE: APG) announced a plan to offer $300 million in Senior Notes due 2029 via its subsidiary, APi Group DE, Inc. The offering is targeted at qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S of the Securities Act. The Company intends to use proceeds to repay existing debts, including a $250 million term loan and a $1.2 billion term loan, as well as for general corporate purposes. The offering is subject to market conditions and is not guaranteed to complete.

APi Group Corporation (NYSE: APG) will participate in a fireside chat at the UBS Global Industrials and Transportation Virtual Conference on June 9, 2021, at 9:00 a.m. ET. Interested parties can access the audio and presentation materials via the Investor Relations page on APi's website. The presentation will be available for replay for approximately 30 days. APi is a leading provider of safety, specialty, and industrial services in North America and Europe, focusing on statutory and contracted services for a robust customer base.

APi Group Corporation (NYSE: APG) has filed a "universal shelf" registration statement with the SEC, allowing the company to offer up to $500 million in securities, including common and preferred stock, and debt securities. While there are no immediate plans for public equity or debt raise, this strategy provides the company with flexibility for future capital market access. Additionally, a resale registration statement will enable Viking Global Opportunities to sell up to 33,333,333 shares of common stock, but APi will not receive any proceeds from these transactions.

APi Group Corporation (NYSE: APG) announced its Q1 2021 financial results, revealing a 6.4% decline in net revenues to $803 million compared to $858 million last year, mainly due to divested Industrial Services.

Adjusted gross margin improved to 23.0% while operating loss narrowed to $2 million. Adjusted net income was $24 million with diluted EPS at $0.12, down $0.03 from last year. Operating cash flow decreased to $32 million. The company aims for a 13%+ adjusted EBITDA margin by 2025, ending the quarter with nearly $750 million in cash.

APi Group Corporation (NYSE: APG) is set to release its first quarter financial results for the period ending March 31, 2021, before the market opens on May 12, 2021. A conference call will take place at 8:30 a.m. (Eastern Time) on the same day. Key executives, including President Russ Becker and CFO Tom Lydon, will participate. Investors can join the call via telephone or watch via a webcast. APi operates over 200 locations, delivering safety and specialty services, focusing on a diverse customer base in North America and Europe.

APi Group Corporation (NYSE: APG) has set a goal for a 13%+ adjusted EBITDA margin by the end of 2025, as announced during an Investor Event. CEO Russ Becker emphasized a focus on improving project selection, pricing opportunities, and operational excellence. The company aims to leverage synergies from future acquisitions to reach this target. APi operates over 200 locations in North America and is expanding in Europe, providing essential services to a diverse customer base.

APi Group Corporation (NYSE: APG) will host its inaugural virtual Investor Event on April 22, 2021, from 9:30 a.m. to 12:00 p.m. ET. Key participants include CEO Russ Becker, Co-Chairs James E. Lillie and Sir Martin E. Franklin, along with other senior leadership team members. The event aims to engage investors and will be accessible via a registration link provided. A replay will be available afterward on APi's Investor Relations page. APi operates across over 200 locations in North America and Europe, offering a range of safety and specialty services.