Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
APi Group ( (APG) ) has shared an update.
On February 14, 2025, APi Group DE, Inc., a subsidiary of APi Group Corporation, successfully refinanced its existing incremental term loans through an amendment to its credit agreement, involving approximately $2,157 million with a maturity date of January 3, 2029. This refinancing, which reduces the applicable margin and saves the company approximately $5 million annually, maintains the existing interest rate swaps. Additionally, APi Group announced its 2024 financial performance and 2025 guidance, with expectations of net revenues between $7,300 to $7,500 million and adjusted EBITDA between $970 to $1,020 million, reflecting a 13.4% adjusted EBITDA margin. The company also noted its strong balance sheet and plans for growth, indicating continued momentum in service revenues and organic growth in project revenues.
More about APi Group
APi Group is a global provider of business services, specializing in fire and life safety, security, elevator and escalator, and specialty services. The company operates over 500 locations worldwide, offering statutorily mandated and contracted services to a diverse base of long-standing customers across various industries.
YTD Price Performance: 4.37%
Average Trading Volume: 1,210,659
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $10.55B
For a thorough assessment of APG stock, go to TipRanks’ Stock Analysis page.
