Apache Corporation Announces Cash Tender Offers for up to $460,000,000 in Aggregate Purchase Price of Senior Notes

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[{"type":"text","content":"HOUSTON, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Apache Corporation (NASDAQ: APA) today announced the commencement of tender offers (each, an “Offer” and, collectively, the “Offers”) to purchase up to $460,000,000 in aggregate purchase price (excluding accrued and unpaid interest, fees and expenses) (as such amount may be increased or eliminated by Apache pursuant to the terms of the Offers, the “Aggregate Maximum Purchase Price”) of its outstanding notes listed in the table below.\n The terms and conditions of the Offers are set forth in Apache’s Offer to Purchase, dated August 3, 2020 (the “Offer to Purchase”). The Offer to Purchase relates to seven separate Offers, one for each series of notes (each series, a “Series of Notes,” and such notes, collectively, the “Notes”). Apache’s obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer is conditioned on the satisfaction or waiver by Apache of a number of conditions, including the receipt by Apache of the net proceeds from the issuance of not less than $1,000,000,000 in principal amount of indebtedness in one or more debt financing transactions on terms reasonably satisfactory to Apache (the “Financing Condition”). No Offer is conditioned on any minimum amount of Notes being tendered or the consummation of any other Offer. NotesCUSIP NumbersPrincipal Amount OutstandingMaximum Tender SubCap(principal amount)Acceptance Priority LevelTender Consideration(1)(2)Early Tender Premium(1)Total Consideration(1)(2)(3)3.625% notes due 2021037411AX3$292,587,000N/A1$955.00$50$1,005.002.625% notes due 2023037411BD6$180,763,000N/A2$950.00$50$1,000.003.250% notes due 2022037411AZ8$460,057,000$220,000,0003$970.00$50$1,020.004.250% notes due 2044037411BC8$706,417,000N/A4$875.00$50$925.004.750% notes due 2043037411BA2$1,306,622,000$50,000,0005$915.00$50$965.005.100% notes due 2040037411AW5$1,396,531,0006$920.00$50$970.005.250% notes due 2042037411AY1$421,692,0007$920.00$50$970.00 (1) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase. (2) Excludes accrued interest, which will be paid on Notes accepted for purchase as described herein. (3) Includes the Early Tender Premium (as defined in the Offer to Purchase) for Notes validly tendered at or prior to the Early Tender Deadlin...

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