Benzinga | Oct 7, 2021 08:30AM EDT

APi Group Prices $300M Senior Notes Offering

* APi Group Corp (NYSE:APG) prices private offering by its subsidiary APi Escrow Corp. of $300 million 4.750% Senior Notes due 2029 at an issue price of $1,000 per $1,000 principal amount.

* The private offering is expected to close on October 21, 2021.

* APi Group estimates that the gross proceeds to be ~$300 million. It intends to use the net proceeds to finance a portion of the consideration for the Chubb Acquisition and related fees and expenses.

* Price Action: APG shares closed higher by 0.37% at $20.60 on Wednesday.