Breaking News: APA Corporation’s Private Exchange Offers and Tender Offers Yield Successful Results and Early Consent Date Extension!

Extended Early Results of APA Corporation’s Offers

HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) — APA Corporation (“APA”) (Nasdaq: APA) announced today the extended early results as of 5:00 p.m., New York City time, on December 20, 2024 (the “Extended 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 Series Cap for the 2043 Notes has been increased to $196,043,000 and the Series Cap for the 2044 Notes has been increased to $110,002,000.

How Will This Affect You?

As an investor, the successful results of APA Corporation’s private exchange offers and tender offers indicate a positive outcome for the company. Depending on whether you have invested in Apache Corporation’s notes and debentures or APA’s new notes, you may be impacted financially by the results of these offers. It is important to stay informed about these developments to make informed decisions regarding your investments.

How Will This Affect the World?

The successful results and early consent date extension of APA Corporation’s private exchange offers and tender offers may have a wider impact on the financial market. It could signal investor confidence in the company and its future prospects, potentially affecting market trends and investor sentiment. Additionally, the increased Series Caps for the 2043 and 2044 Notes could influence the overall bond market and investor behavior.

Conclusion

In conclusion, APA Corporation’s recent announcements regarding the extended early results of the private exchange offers and tender offers, along with the increase in Series Caps for certain notes, have significant implications for investors and the broader financial market. It is important to closely monitor these developments to understand the potential impact on your investments and the global economy.