APA said it entered into a Purchase Agreement on January 7, 2025 and issued $350,000,000 of 6.10% Notes due 2035 and $500,000,000 of 6.75% Notes due 2055, with net proceeds of about $839 million.

1. 01

   APA said it entered into a Purchase Agreement on January 7, 2025 and issued $350,000,000 of 6.10% Notes due 2035 and $500,000,000 of 6.75% Notes due 2055, with net proceeds of about $839 million.

2. 02

   The company said it paid a total of $868,893,748 in cash as tender consideration to holders of the Apache Tender Notes in the Tender Offers settled on January 10, 2025, and that it used part of the net proceeds from the new notes to fund that purchase.

3. 03

   The company settled the Exchange Offers on January 10, 2025, exchanging Apache Notes for APA Exchange Notes. It paid a total of $2,546,342 in cash as part of the exchange consideration. The new notes have the same interest rates and maturity dates as the Apache Notes they replaced.

4. 04

   APA said the new notes and the APA Exchange Notes are guaranteed by Apache until the first time the aggregate principal amount of senior notes and debentures outstanding under Apache's existing indentures is less than $1,000,000,000. If the exchange offers are not completed by the 360th day after January 10, 2025, additional interest will accrue at 0.25% per annum, capped at 1.00% per annum.

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