Tender Offer - APA Corp

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525004548

Filing Summary: On January 10, 2025, APA Corporation completed its previously announced Exchange Offers and Tender Offers for the Apache Notes. The total principal amounts tendered include $57,743,000 of Apache March 2026 Notes, $55,695,000 of Apache April 2026 Notes, $38,782,000 of Apache 2027 Notes, $238,850,000 of Apache 2028 Notes, $163,831,000 of Apache 2029 Notes, $373,774,000 of Apache 2030 Notes, $341,251,000 of Apache 2037 Notes, $1,107,480,000 of Apache 2040 Notes, $333,880,000 of Apache 2042 Notes, $348,729,000 of Apache 2043 Notes, $186,616,000 of Apache 2044 Notes, $126,160,000 of Apache 2047 Debentures, $330,094,000 of Apache 2049 Notes, and $37,408,000 of Apache 2096 Debentures. The completed transactions amounted to cash tender considerations of approximately $868,893,748 for the Apache Tender Notes and cash payments of $2,546,342 as part of the exchange consideration. Additionally, the Company issued a substantial amount of new notes as part of the Exchange Offers, which are fully guaranteed by Apache until the outstanding amount of their senior notes falls below $1 billion. Further, a Registration Rights Agreement was established to ensure compliance with the Securities Act for new note holders. Subsequent amendments to Apache Indentures were also made as more than the required consents were received from the relevant note holders.

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