APi Group announces offering of 8.13M shares of common stock for holders

APi Group Corporation announced that certain funds affiliated with Blackstone and Viking Global Investors, collectively, the selling stockholders, have commenced an underwritten registered public offering of up to an aggregate of 8.13M shares of common stock of the company that the selling stockholders received upon conversion of existing 5.5% Series B Perpetual Convertible Preferred Stock. APi is not selling any shares of common stock and will not receive any proceeds from the sale of the shares of common stock in the offering. UBS Investment Bank and Citigroup are acting as joint bookrunning managers for the offering and Blackstone Securities Partners is acting as co-manager.