AI English summary of an SEC filing — figures as filed
APA APAAPA said it completed its acquisition of Callon Petroleum Company on April 1, 2024, and each share of Callon common stock was converted into the right to receive 1.0425 shares of APA common stock. The company said the transaction resulted in the issuance of about 70 million shares of common stock. Callon common stock was 1 shares
Key points
AI summaryAPA said it completed its acquisition of Callon Petroleum Company on April 1, 2024, and each share of Callon common stock was converted into the right to receive 1.0425 shares of APA common stock. The company said the transaction resulted in the issuance of about 70 million shares of common stock. Callon common stock was 1 shares
APA said it borrowed $1.5 billion in senior unsecured term loans under its Credit Agreement on April 1, 2024, maturing on April 1, 2027. The company said it used the proceeds to refinance part of Callon's indebtedness and to pay related fees and expenses.
The company said that as of April 1, 2024, all indebtedness under the Callon Credit Agreement and Callon's 2026 Notes had been repaid, and the combined remaining principal of Callon's 2028 Notes and 2030 Notes was reduced to $23.9 million.
The company said that on April 1, 2024, it increased the size of its board from 10 to 12 members and appointed Matthew R. Bob, a former chair of Callon's board, and Anya Weaving as directors.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Callon Acquisition Completed; Exchange Ratio 1.0425
APA said it completed its acquisition of Callon Petroleum Company on April 1, 2024, and each share of Callon common stock was converted into the right to receive 1.0425 shares of APA common stock. The company said the transaction resulted in the issuance of about 70 million shares of common stock. Callon common stock was 1 shares
Source · Based on the filing body and exhibits
$1.5 billion Senior Unsecured Term Loan Borrowed
APA said it borrowed $1.5 billion in senior unsecured term loans under its Credit Agreement on April 1, 2024, maturing on April 1, 2027. The company said it used the proceeds to refinance part of Callon's indebtedness and to pay related fees and expenses.
Source · Based on the filing body and exhibits
Remaining Principal After Callon Debt Repayment $23.9 million
The company said that as of April 1, 2024, all indebtedness under the Callon Credit Agreement and Callon's 2026 Notes had been repaid, and the combined remaining principal of Callon's 2028 Notes and 2030 Notes was reduced to $23.9 million.
Source · Based on the filing body and exhibits
Board Expanded to 12 Members, 2 New Directors Appointed
The company said that on April 1, 2024, it increased the size of its board from 10 to 12 members and appointed Matthew R. Bob, a former chair of Callon's board, and Anya Weaving as directors.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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