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APA Corporation Announces Early Results of Exchange Offers and Tender Offers

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”).

APA Corporation has made significant announcements regarding Exchange Offers and Tender Offers related to Apache Corporation. The early results indicate a positive response from investors, and the Offers are expected to settle in January 2025. This move signifies a strategic shift for APA Corporation and will likely have a substantial impact on the financial market.

How will this affect me?

As an investor, these announcements could potentially impact your investment portfolio. It is advisable to keep a close eye on APA Corporation’s stock performance and financial news to make informed decisions regarding your investments.

How will this affect the world?

The Exchange Offers and Tender Offers by APA Corporation can influence the global financial market and investor sentiment. The successful completion of these offers may lead to increased investor confidence and positively impact the overall market outlook.

Conclusion

In conclusion, APA Corporation’s announcements regarding Exchange Offers and Tender Offers represent a significant development in the financial landscape. The early results indicate a favorable response, and it will be interesting to see how these offers unfold in the coming weeks. Investors are advised to stay informed and monitor market trends closely.