---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-135246"
form_type: "8-K"
ticker: "APA"
cik: "0001841666"
company_name: "APA Corp"
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:12:04.862586+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-135246
- form_type: 8-K
- ticker: APA
- cik: 0001841666
- company_name: APA Corp
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841666/000119312522135246/0001193125-22-135246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841666/000119312522135246/d712088d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-135246
- JSON: https://secwatch.observer/filing/0001193125-22-135246.json
- Plain text: https://secwatch.observer/filing/0001193125-22-135246.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.