APA Corp Files 8-K on Material Agreement & New Financial Obligation

TL;DR

**APA Corp just took on a new big financial commitment and agreement, watch for details.**

AI Summary

APA Corp filed an 8-K on January 30, 2024, indicating an entry into a material definitive agreement and the creation of a direct financial obligation. This filing also includes written communications pursuant to Rule 425 under the Securities Act. This matters to investors because material agreements and new financial obligations can significantly impact the company's future financial health, operational strategy, and ultimately, the stock's value.

Why It Matters

This filing signals that APA Corp has entered into a significant new agreement and taken on a new financial obligation, which could alter its risk profile and future earnings potential.

Risk Assessment

Risk Level: medium — The filing indicates new financial obligations and material agreements, which inherently carry both opportunities and risks that are not yet fully detailed.

Analyst Insight

A smart investor would monitor APA Corp's subsequent filings and press releases for specific details about the material definitive agreement and the nature and size of the new financial obligation to assess its impact on the company's financial health and future prospects.

Key Numbers

• 001-40144 — Commission File Number (identifies the company's filings with the SEC)
• 86-1430562 — IRS Employer Identification No. (identifies the company for tax purposes)
• $0.625 — par value per share (par value of APA Corp's Common Stock)

Key Players & Entities

• APA Corp (company) — registrant
• January 30, 2024 (date) — date of earliest event reported
• Nasdaq Global Select Market (company) — exchange where APA Common Stock is registered
• 001-40144 (dollar_amount) — Commission File Number

Forward-Looking Statements

• Further details regarding the material definitive agreement and financial obligation will be disclosed in subsequent filings or press releases. (APA Corp) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.625 — nge on which registered Common Stock, $0.625 par value APA Nasdaq Global Select
• $2.0 billion — t Agreement have committed an aggregate $2.0 billion for senior unsecured delayed-draw term
• $1.5 billion — aggregate $2.0 billion in commitments, $1.5 billion is for term loans that would mature thr
• $500 million — g Date (the "3-Year Tranche Loans") and $500 million is for term loans that would mature 364
• $1.0 billion — existing indentures first is less than $1.0 billion. If $400 million or more in aggregate
• $400 million — s first is less than $1.0 billion. If $400 million or more in aggregate principal amount o

Filing Documents

• d700731d8k.htm (8-K) — 54KB
• d700731dex101.htm (EX-10.1) — 521KB
• g700731g0129215352012.jpg (GRAPHIC) — 2KB
• 0001193125-24-018906.txt ( ) — 824KB
• apa-20240130.xsd (EX-101.SCH) — 3KB
• apa-20240130_lab.xml (EX-101.LAB) — 18KB
• apa-20240130_pre.xml (EX-101.PRE) — 11KB
• d700731d8k_htm.xml (XML) — 4KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. 10.1 Credit Agreement, dated as of January 30, 2024, among APA Corporation, the lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the other agents party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). No Offer or Solicitation This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Additional Information about the Merger and Where to Find It In connection with the proposed transaction, APA intends to file with the Securities and Exchange Commission ("SEC") a registration statement on Form S-4 that will include a joint proxy statement of APA and Callon and that also constitutes a prospectus of APA common stock. Each of APA and Callon may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document that APA or Callon may file with the SEC. The definitive joint proxy statement/prospectus (if and when available) will be mailed to shareholders of APA and Callon. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. APA CORPORATION Date: January 30, 2024 By: /s/ Ben C. Rodgers Ben C. Rodgers, Senior Vice President, Treasurer and Midstream and Marketing

View Full Filing

View this 8-K filing on SEC EDGAR