Apache Corp.
Description
Priced $1 billion in aggregate principal amount of 4.375% notes due 2028. Apache intends to use the net proceeds from the offering to purchase a portion of Apache’s outstanding senior indebtedness in cash tender offers with respect to several series of its outstanding notes commenced on August 9, 2018, with a maximum aggregate purchase price of $800.0 million, and for general corporate purposes.
Net proceeds to Apache, after deducting the underwriting discount but before deducting offering expenses payable by Apache, are expected to be approximately $992.0 million.