FX.co ★ APA To Launch Private Offering Of Senior Notes Due 2035, 2055

APA Corp. (APA) announced on Tuesday its plan to launch a private offering of Senior Notes, scheduled to mature in 2035 and 2055. Initially, these Notes will be secured by guarantees from Apache, provided that the total principal of Senior Notes and debentures remains over $1 billion. The expected settlement for the tender and concurrent exchange offers is slated for January 10, 2025. The funds generated from this offering will be used to buy back outstanding senior debt from its wholly-owned subsidiary, Apache. The maximum aggregate purchase price for this repurchase, including accrued interest, is $869 million, conducted through cash tender offers.