HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- APA Corporation ("APA") APA announced today that it intends to offer, subject to market and other conditions, a series of senior notes due 2035 and a series of senior notes due 2055 (collectively, the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). APA intends to use the net proceeds from the proposed offering to purchase certain outstanding senior indebtedness issued by Apache Corporation, a Delaware corporation and a wholly-owned subsidiary of APA ("Apache") in cash tender offers with respect to several series of its outstanding notes, which commenced on December 3, 2024, with a maximum aggregate purchase price of $869 million (including accrued and unpaid interest) (the "Tender Offers"). Any remaining net proceeds will be used for general corporate purposes, which may include further purchases of Apache's outstanding notes. The settlement date of the Tender Offers and the concurrent offers to exchange certain outstanding senior indebtedness issued by Apache for new notes to be issued by APA is expected to be January 10, 2025 (the "Tender Settlement Date"). The Notes will be initially guaranteed by Apache, until the first time that the aggregate principal amount of indebtedness under senior notes and debentures outstanding under Apache's existing indentures is less than $1 billion, provided that if the aggregate principal amount of such indebtedness is less than $1 billion as of the Tender Settlement Date, then the reason for such guarantees would have ceased to exist and no guarantees would be issued with respect to the Notes

In other recent news, APA Corporation, a prominent player in the energy sector, recently finalized its acquisition of Callon (NYSE:CPE) Petroleum Company, marking a significant expansion.

HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- APA Corporation ("APA") APA announced today the pricing terms for the previously announced cash tender offers (the "Tender Offers") to purchase up to $1,000,000,000 aggregate principal amount (the "Maximum Purchase Amount") of validly tendered and accepted notes issued by Apache Corporation, its wholly-owned subsidiary ("Apache"), listed in the table below (collectively, the "Apache Tender Notes"). The applicable total consideration to be paid in the Tender Offers for each series of Apache Tender Notes accepted for purchase was determined by reference to a fixed spread specified for such series of Apache Tender Notes over the yield (the "Reference Yield") based on the bid-side price of the applicable U.S. Treasury Security, in each case as set forth in the table below (the "Tender Total Consideration"). The Reference Yields listed in the table below were determined pursuant to the Offering Memorandum (as defined below) at 10:00 a.m., New York City time, today, December 23, 2024, by the Lead Dealer Managers (as defined below). The applicable Tender Total Consideration for each series of Apache Tender Notes validly tendered as of the Extended Early Consent Date (as defined below) includes an early participation premium of $30 per $1,000 principal amount of Apache Tender Notes (the "Early Participation Premium") accepted for purchase by APA