An update from APi Group Corporation (APG) is now available.
APi Group DE, Inc., a subsidiary of APi Group Corporation, successfully executed Amendment No. 6, securing a $2,257 million term loan to refinance existing debts and facilitate corporate activities including an acquisition. This strategic financial move simplifies their debt structure into a single tranche of term loans maturing in 2029, with a flexible interest rate that can potentially decrease based on credit ratings. The transaction maintains the company’s existing interest rate swaps and marks a pivotal step in their financial management.
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