{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-018915","form_type":"8-K","ticker":null,"cik":"0000006769","company_name":"APACHE CORP","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.683769+00:00","generated_at":"2026-06-06T15:21:52.367687+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Apache Corp guarantees $2.0B credit facility for APA's acquisition of Callon Petroleum","bullets":["$2.0B unsecured delayed-draw term loan: $1.5B 3-year and $500M 364-day tranches, proceeds to refinance Callon debt.","Apache's guaranty effective until its senior notes outstanding fall below $1.0B; APA must prepay unused borrowings within 120 days of closing.","Financial covenant requires adjusted debt-to-capital ratio ≤ 60%; negative covenants include lien restrictions and merger limitations.","Interest margins tied to long-term debt rating: Base Rate Margin 0.625%-1.375%, Applicable Margin 1.625%-2.375% for 3-year tranche.","Ticking fee of 0.225% per annum on undrawn commitments starting 90 days after Jan 3, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-018915","json":"https://secwatch.observer/filing/0001193125-24-018915.json","markdown":"https://secwatch.observer/filing/0001193125-24-018915.md","text":"https://secwatch.observer/filing/0001193125-24-018915.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/6769/000119312524018915/0001193125-24-018915-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/6769/000119312524018915/d760841d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:21:52.367687+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b6661cd1eb0a19b3145e4df051fbad5291439f8","claim":"APACHE CORP incurred credit facility of $2.0 billion with JPMorgan Chase Bank, N.A., as administrative agent maturing Three years after the Closing Date for the 3-Year Tranche Loans, 364 days after the Closing Date for the 364-Day Tranche Loans.","evidence_excerpt":"senior notes and debentures outstanding under Apache’s existing indentures first is less than $1.0 billion. 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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/6769/000119312524018915/0001193125-24-018915-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2.0 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Maturity","value":"Three years after the Closing Date for the 3-Year Tranche Loans, 364 days after the Closing Date for the 364-Day Tranche Loans"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}