secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001193125-24-083563
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APA closes Callon acquisition; issues ~70M shares, adds 120K net Delaware acres
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- Each Callon share converted to 1.0425 APA shares; ~70M APA shares issued.
- APA daily production ~500k BOE with ~2/3 from Permian; Callon Q4 production 103k BOE/d.
- Board expanded to 12; Matthew R. Bob and Anya Weaving appointed.
- APA borrowed $1.5B in 3-year term loans to refinance Callon debt; $23.9M of Callon notes remain.
- Warrants to purchase 501,708 APA shares at $88.15 per share, expiring August 10, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/0001193125-24-083563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312524083563/d47791d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-083563

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