HOUSTON, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, NASDAQ: APA) today announced that it has priced $1.0 billion in aggregate principal amount of 4.375% notes due 2028 in an underwritten public offering.

Apache intends to use the net proceeds from the offering to purchase a portion of Apache’s outstanding senior indebtedness in cash tender offers with respect to several series of its outstanding notes commenced on August 9, 2018, with a maximum aggregate purchase price of $800.0 million (the “Tender Offers”), and for general corporate purposes.

Net proceeds to Apache, after deducting the underwriting discount but before deducting offering expenses payable by Apache, are expected to be approximately $992.0 million. The offering is expected to close August 23, 2018, subject to the satisfaction of customary closing conditions.

Joint book-running managers for the notes are BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities LLC.

About Apache

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom. Apache posts announcements, operational updates, investor information and copies of all press releases on its website, www.apachecorp.com, and on its Media and Investor Center mobile application, which is available for free download from the Apple App Store and the Google’s Play Store.