Apa corporation commences private exchange and tender offers for certain series of outstanding apache corporation notes and debentures and solicitation of consents to amend certain related indentures

Houston, dec. 03, 2024 (globe newswire) -- apa corporation (“apa”) (nasdaq: apa) announced today that it has commenced offers to (i) exchange (the “exchange offers”) any and all validly tendered and accepted notes issued by apache corporation, its wholly-owned subsidiary (“apache”), for new notes to be issued by apa as described in the table below titled “exchange offers” and (ii) purchase for cash (the “tender offers” and together with the exchange offers, the “offers”) up to $1,000,000,000 aggregate principal amount of any and all validly tendered and accepted apache notes listed in the table below titled “tender offers” (collectively, the “apache tender notes”), subject to the applicable series cap and the maximum purchase amount (each as defined below), in each case for the consideration described in the offering memorandum (as defined below) and summarized in the respective tables below. only holders who have duly completed and returned an eligibility letter certifying that they are either (1) a “qualified institutional buyer” (“qib”) as defined in rule 144a under the securities act of 1933, as amended (the “securities act”) or (2) a non-“u.s. person” (as defined in rule 902 under the securities act) located outside of the united states and who is a “non-u.s. qualified offeree” (as defined in the eligibility letter) are authorized to receive the offering memorandum and to participate in the offers (each such holder, an “eligible holder”). the eligibility letter is available electronically at www.dfking.com/apache. capitalized terms used in this release but not otherwise defined have the meaning given in the offering memorandum.
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