Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
APA Corp incurred term loan of aggregate $2.0 billion for senior unsecured delayed-draw term loans with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto at base rate per annum equal to the greatest of (i) the applicable prime rate, (ii) maturing 3-Year Tranche Loans mature three years after the Closing Date; 364-Day Tranche Loans mature 364 days after the Closing Date.
- Instrument
- term loan
- Principal
- aggregate $2.0 billion for senior unsecured delayed-draw term loans
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
- Rate
- base rate per annum equal to the greatest of (i) the applicable prime rate, (ii)
- Maturity
- 3-Year Tranche Loans mature three years after the Closing Date; 364-Day Tranche Loans mature 364 days after the Closing Date
- Event
- incurrence
Exact text from the filing
On January 30, 2024, APA Corporation, a Delaware corporation (“APA”), entered into a Credit Agreement among APA, as borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto (the “Credit Agreement”). The lenders under the Credit Agreement have committed an aggregate $2.0 billion for senior unsecured delayed-draw term loans to APA, the proceeds of which, subject to satisfaction of certain limited conditions, APA may use to refinance certain indebtedness of Callon Petroleum Company
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
APA Corp entered into Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent and the lenders valued at $2.0 billion senior unsecured delayed-draw term loans (effective 2024-01-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. as administrative agent and the lenders
- Value
- $2.0 billion senior unsecured delayed-draw term loans
- Effective
- 2024-01-30
Exact text from the filing
On January 30, 2024, APA Corporation, a Delaware corporation (“APA”), entered into a Credit Agreement among APA, as borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto (the “Credit Agreement”).
View on SEC.gov