APi Group Announces Pricing of Upsized Secondary Public Offering of Common Stock

Core Viewpoint - APi Group Corporation announced the pricing and upsize of a public offering of 10,569,106 shares of common stock at a price of $34.25 per share, initiated by certain funds affiliated with Blackstone Inc. and Viking Global Investors LP [1][2] Group 1: Offering Details - The Selling Stockholders granted underwriters a 30-day option to purchase up to 1,585,365 additional shares [2] - APi will not sell any shares or receive any proceeds from this offering, which is expected to close on or about March 5, 2024 [2] - UBS Investment Bank and Citigroup are acting as joint lead book-running managers for the offering, with additional participation from Baird, Barclays, BofA Securities, Jefferies, and J.P. Morgan Securities LLC [2] Group 2: Regulatory Information - A shelf registration statement on Form S-3 was filed with the SEC on January 3, 2022, and declared effective on January 7, 2022 [3] - The offering is being made only by means of a prospectus that meets the requirements of the Securities Act of 1933 [3] Group 3: Company Overview - APi is a global provider of life safety, security, and specialty services, with a substantial recurring revenue base and over 500 locations worldwide [5] - The company serves a strong base of long-standing customers across various industries, driven by a leadership culture focused on delivering innovative solutions [5]