New Market Report: Apache Prices Public Offering Of 5.1% Notes Due 2040 For $1.5 Billion

PRLog (Press Release) - Sep. 15, 2010 - Apache Corporation (Apache) priced the public offering of 5.1% notes, due September 1, 2040, for gross proceeds of $1,500m. The notes will be offered at a price of 98.936% of the principal amount. The company will receive net proceeds of approximately $1,470m after deducting expenses. Interest on the notes is payable on March 1 and September 1, commencing from March 1, 2011. The notes will carry a yield of 5.17%. The notes will be redeemable, at the option of Apache at any time, in whole or in part at a price of 100% of the principal amount; or at the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the date of redemption, on a semi-annual basis, at the treasury rate plus 25 basis points. Apache intends to use the proceeds from the offering to finance a portion of the purchase price in connection with the BP Acquisition, including repayment of $1 billion of borrowings under the bridge facility. Banc of America Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., HSBC Securities (USA) Inc., Wells Fargo Securities, LLC, Mizuho Securities USA Inc., SG Americas Securities, LLC and TD Securities (USA) LLC are acting as underwriters for the offering. Bracewell & Giuliani LLP is acting as the legal counsel to the company for the offering. The offering is subject to satisfaction of customary closing conditions and is expected to close on August 20, 2010.

Scope

* Rationale behind the debt offering was to fund its acquisition

Reasons to buy

* Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in Asian Oil & Gas industry
* Identify the most lucrative segments to leverage on the growth oppurtunities available in the Indian oil & gas market
* Get a detailed analysis of a deal to enable you to take better decisions.

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Report Table of Contents:

1 Table of Contents 1
1.1 List of Tables 2
1.2 List of Figures 2
2 Global Data Deal Analysis 3
2.1 Summary 3
2.2 Deal Overview 3
3 Apache Prices Public Offering Of 5.1% Notes Due 2040 For $1.5 Billion 3
3.1 Deal Overview 3
3.2 Deal in Brief 3
3.3 Apache Has a Geographically Diversified Portfolio Which Provides a Balanced Mix Of Hydrocarbons 4
3.4 Apache has Acquired BP's Assets through Cash, Bridge Loan and other Facilities 5
3.5 Apache has enhanced its business in Canada, Permian Basin and Egypt 6
3.6 Deal Financials and Valuations 6
3.6.1 Companies Involved 6
3.6.2 Deal Financials 7
3.6.3 Deal Rationale 7
3.6.4 Advisor Information 7
3.6.5 Detailed Target Information 8
4 Appendix 9
4.1 About Energy eTrack 9
4.2 Methodology 9
4.2.1 Coverage 9
4.2.2 Secondary Research 10
4.2.3 Primary Research 10
4.2.4 Expert Panel Validation 10
4.3 Contact Us 11
4.4 Disclaimer 11

1.1 List of Tables
Table 1: Apache, Asset Acquisition Details, 2009-2010 5
Table 2: BP's Interest in Associated Midstream Assets 6
Table 3: Companies Involved 6
Table 4: Deal Financial Information 7
Table 5: Advisor Information 7
Table 6: Target Information 8

1.2 List of Figures
Figure 1: Apache, Operational Map, 2010 4
Figure 2: GlobalData Methodology 9

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.