Apa Corporation
APA Corporation Replaces Credit Facilities with New Agreements
Summary
On January 15, 2025, APA Corporation terminated $1.8 billion of commitments under its former USD Facility and £1.5 billion under its former GBP Facility, replacing them with new five-year syndicated credit agreements with similar terms. The new agreements, denominated in USD and GBP respectively, provide unsecured revolving credit facilities of up to $2.0 billion and £1.5 billion. Apache Corporation, a wholly-owned subsidiary, guaranteed obligations under these agreements until the principal amount of its outstanding senior notes and debentures is less than $1.0 billion. These agreements serve general corporate purposes and support North Sea decommissioning obligations.
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About Apa Corporation
Apa Corporation is an exploration and production company primarily focused on the discovery and development of oil and natural gas. The company's activities encompass a range of energy sectors, including upstream exploration, extraction, and production. Apa Corporation holds significant operations in key regions such as the United States, specifically the Permian Basin and other prolific oil and gas zones, as well as international locations including Egypt and the North Sea. Its strategic portfolio encompasses both conventional and unconventional resources, providing a diversified energy footprint. Apa Corporation plays a vital role in the energy market by supplying raw materials crucial for electricity generation, transportation, and industrial applications. With a focus on innovation and efficiency, the company invests in advanced technologies to optimize exploration and production processes while aiming for sustainable development practices. Apa Corporation thus contributes significantly to global energy supply chains, impacting industries reliant on fossil fuels and driving economic activities in the regions where it operates.
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