secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001193125-22-135246
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522135246/0001193125-22-135246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312522135246/d712088d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-135246

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