5 Electrical Contracting Stocks to Buy for Data Hall Fit-outs

2. APi Group Corporation (NYSE:APG)

Short Percentage of Shares Outstanding: 1.87%

On May 15, APi Group Corporation (NYSE:APG) announced the successful completion of two previously disclosed financing transactions, including a private offering of $500 million in aggregate principal amount of 5.75% senior notes due 2034 and an amendment to its existing credit agreement. The amended agreement extends the maturity of the company’s Term Loan B facility to 2033 while also increasing and extending its revolving credit facility to $1.0 billion through 2031. These actions further strengthen APi’s financial flexibility and provide additional capital to support its long-term growth strategy.

On May 7, APi Group Corporation (NYSE:APG) announced the launch of a $500 million senior unsecured notes offering and disclosed plans to amend its existing credit agreement to extend debt maturities, increase liquidity, and revise key financing terms. The company stated that the proceeds from these financing initiatives will primarily be used to fund its previously announced acquisitions of Onyx-Fire Protection Services and Wtech Fire Group, as well as for general corporate purposes. The transactions underscore management’s commitment to expanding APi’s service portfolio and enhancing its position within the fire protection and specialty contracting markets.

APi Group Corporation (NYSE:APG) was founded in 1926 and is headquartered in New Brighton, Minnesota. Through its subsidiaries, it acts as a premier electrical, mechanical, and life-safety contractor that supports data center growth by providing critical infrastructure, including fire protection, low-voltage alarm, and the complex electrical buildouts required for modern data halls.