Citigroup Global Markets, U.S. Bank, Barclays, Bank of America Securities and UBS Securities acted as joint lead arrangers and bookrunners for a new $250 million term loan facility for APi Group, which entered into the term loan facility to strengthen liquidity.
“The successful completion of this new term loan with our long-standing banking partners strengthens our liquidity profile and provides us with additional financial flexibility to continue driving growth and creating shareholder value. We were pleased with the strong demand from lenders and share their excitement about the long-term opportunities that lie ahead for the business. We look forward to providing an update on our third quarter earnings call on Wednesday, November 11, 2020,” Russ Becker, president and CEO of APi, said.
APi is a business services provider of safety, specialty and industrial services.