NEW BRIGHTON, Minn., April 17, 2024--(BUSINESS WIRE)--APi Group Corporation (NYSE: APG) ("APi" or the "Company") announced the pricing of an underwritten public offering of 11,000,000 shares of common stock at a public offering price of $37.50 per share. The gross proceeds to APi from the offering are expected to be approximately $412,500,000 million before deducting underwriting discounts and commissions and offering expenses payable by APi. APi has granted to the underwriters a 30-day option to purchase an additional 1,650,000 shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by APi. The offering is expected to close on April 19, 2024, subject to customary closing conditions.

APi intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures, working capital and acquisitions.

Citigroup, BofA Securities and UBS Investment Bank are acting as joint lead book-running managers for the offering. Baird, Barclays, BTIG, Jefferies, RBC Capital Markets and William Blair are also acting as joint book-running managers for the offering and CJS Securities is acting as co-manager for the offering.

An automatic shelf registration statement on Form S-3 relating to the shares of common stock being sold in the offering was filed with the Securities and Exchange Commission (the "SEC") and deemed immediately effective on May 4, 2023. The offering of the shares of common stock is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. A preliminary prospectus describing the terms of the offering has been filed with the SEC and forms a part of the effective shelf registration statement on Form S-3. A copy of the final prospectus, when available, related to the offering may be obtained on the SEC’s website located at https://www.sec.gov, from Citigroup at Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146), from BofA Securities. at BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255, Attn: Prospectus Department, or by email at [email protected] and from UBS Securities LLC at UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by email at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.