APA Corp enters new $1.8B USD and £1.5B GBP revolving credit facilities, replaces $4.0B Apache facility

APA Corp

New $1.8B USD and £1.5B GBP five-year revolving credit facilities due April 2027.
Replaced and refinanced Apache's $4.0B credit facility; $680M borrowings and $20M LC rolled into USD facility.
Apache guarantees obligations until aggregate senior notes and debentures outstanding fall below $1.0B.
Financial covenant requires adjusted debt-to-capital ratio not greater than 60%.
Letters of credit of £748M rolled into GBP facility, primarily for North Sea decommissioning.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.