HOUSTON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- APA Corporation ("APA") (Nasdaq: APA) announced today the pricing terms for the previously announced cash tender offers (the "Tender Offers") to purchase up to $1,000,000,000 aggregate principal amount (the "Maximum Purchase Amount") of validly tendered and accepted notes issued by Apache Corporation, its wholly-owned subsidiary ("Apache"), listed in the table below (collectively, the "Apache Tender Notes").
The applicable total consideration to be paid in the Tender Offers for each series of Apache Tender Notes accepted for purchase was determined by reference to a fixed spread specified for such series of Apache Tender Notes over the yield (the "Reference Yield") based on the bid-side price of the applicable U.S. Treasury Security, in each case as set forth in the table below (the "Tender Total Consideration"). The Reference Yields listed in the table below were determined pursuant to the Offering Memorandum (as defined below) at 10:00 a.m., New York City time, today, December 23, 2024, by the Lead Dealer Managers (as defined below). The applicable Tender Total Consideration for each series of Apache Tender Notes validly tendered as of the Extended Early Consent Date (as defined below) includes an early participation premium of $30 per $1,000 principal amount of Apache Tender Notes (the "Early Participation Premium") accepted for purchase by APA.