Latham & Watkins Advises on APi Group Corporation’s US$474.3 Million Common Stock Offering

On April 19, 2024, APi Group Corporation (NYSE: APG), a global, market-leading business services provider of life safety, security, and specialty services, closed its underwritten public offering of 12,650,000 shares of common stock at a public offering price of US$37.50 per share, which included the full exercise of the initial purchasers’ option to purchase an additional 1,650,000 shares of common stock. The gross proceeds to APi from the offering were approximately US$474.3 million before deducting underwriting discounts and commissions and offering expenses payable by APi.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team by New York partners Peter Labonski and Erika Weinberg, with associates Sofia Sitterson and Richard Dacher. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Lukas Kutilek.