Apa corporation announces early results of private exchange offers, tender offers, and consent solicitations, extension of early consent date, waiver of requisite consent condition, and guarantee by apache corporation of the apa notes to be issued in the exchange offers; apa corporation to hold related investor call

Houston, dec. 17, 2024 (globe newswire) -- apa corporation (“apa”) (nasdaq: apa) announced today the early results as of 5:00 p.m., new york city time, on december 16, 2024 (the “original early consent date”) of the previously announced (i) offers to exchange (the “exchange offers”) any and all validly tendered and accepted notes and debentures listed in the table below issued by apache corporation, its wholly-owned subsidiary (“apache”), for new notes to be issued by apa (the “apa notes”), (ii) offers to 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 of certain series (the “apache tender notes”), and (iii) solicitations of consents (the “consent solicitations”) to certain proposed amendments (the “proposed amendments”) to the applicable indenture under which each series of apache notes was issued. additionally, apa announced that the date by which eligible holders (as defined in the offering memorandum referred to below) must validly tender their apache notes to receive the exchange total consideration or the tender total consideration (each as described below), as applicable, for each offer has been extended to 5:00 p.m., new york city time, on december 20, 2024 (the “extended early consent date”). the offers and consent solicitations will now expire at 5:00 p.m., new york city time, on january 7, 2025 (the “expiration time”), and the offers are now expected to settle on january 10, 2025 (the “settlement date”).
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