APi Group Corporation announced that it has commenced an underwritten public offering of 11M shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by APi. 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 book-running managers for the offering.
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