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Subsequent Events | 9 Months Ended
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Sep. 30, 2021
Subsequent Events [Abstract] |
Subsequent Events | Note 17. SUBSEQUENT EVENTS In October 2021, APi Escrow Corp. (the “Escrow Issuer”), a wholly-owned subsidiary of the Company, completed a private offering of $300 aggregate principal amount of 4.750% Senior Notes due 2029 ("4.750% Senior Notes"). The Company intends to use the net proceeds from the sale of the 4.750% Senior Notes to finance a portion of the consideration for the Chubb Acquisition and related fees and expenses. The gross proceeds from the offering (plus an additional amount in cash sufficient to fund a Special Mandatory Redemption on the last day of the third full calendar month following the closing of the offering) were deposited into an escrow account. If and when the Chubb Acquisition occurs, the Special Mandatory Redemption provisions will terminate and the Escrow Issuer will merge with and into APi Group DE, Inc. (“APi DE”), a wholly-owned subsidiary of the Company, with APi DE continuing as the surviving entity. Upon the merger, APi DE will assume all of the obligations of the Escrow Issuer, and at that time the 4.750% Senior Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Company’s existing and future subsidiaries. If escrow conditions, including the closing of the Chubb Acquisition, do not occur on or prior to October 27, 2022, the Escrow Issuer must redeem all of the 4.750% Senior Notes at a price equal to the principal amount of the Senior Notes plus accrued interest (the “Special Mandatory Redemption”). If the escrow conditions do occur prior to October 27, 2022, then all amounts in the escrow account will be released to fund the Chubb Acquisition and related fees and expenses.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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