APi Completes $460 Million Follow-On Offering

Technology & Services

APi follow-on offering


Summary

APi Group Corporation (“APi”) (NYSE: APG) recently completed a secondary offering of 22,716,049 common shares, including the exercise in full of the underwriters' overallotment option, at a price of $20.25 per share, generating gross proceeds of approximately $460 million. All of the shares of common stock sold in the offering were sold by APi, with the primary use of proceeds for general corporate purposes.

Baird served as a bookrunner on this offering.

About

APi is a market-leading business services provider of safety, specialty and industrial services in over 200 locations in North America and Europe. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. APi has a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for its customers. APi is headquartered in New Brighton, Minnesota.
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Technology & Services

APi follow-on offering

Date
September 2021
Company
APi Group Corporation
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Facility, Industrial, Rental & Environmental ("FIRE") Services
Target Location
North America

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