JPMorgan Chase Bank acted as administrative agent on a $4 billion senior revolving credit facility for Apache Corporation.
The credit facility combined Apache’s U.S. dollar revolving credit facility and British pounds letter of credit facility. It has a maturity date of March 14, 2023 and option to increase the credit line by up to $1 billion.
JPMorgan Chase Bank, Merrill Lynch, Pierce, Fenner & Smith, Citigroup Global Markets, RBC Capital Markets, HSBC Securities (USA), The Bank of Tokyo-Mitsubishi UFJ, Wells Fargo Securities, Goldman Sachs Bank, TD Securities (USA), and Mizuho Bank served as co-lead arrangers.
Bracewell advised Apache on the transaction.
