#Senior Notes #Australia #Sydney #Cash Tender Offer #APA Group

APA Infrastructure Limited Initiates Cash Tender Offer

On September 16, 2025, APA Infrastructure Limited, an Australian corporation and wholly owned subsidiary of APA Group Limited, declared the pricing of its significant cash tender offer. This tender offer aims to purchase up to $425 million in aggregate principal amount of its 4.25% Senior Guaranteed Notes that are due in 2027.

Details of the Offer

The tender offer was formally outlined in an Offer to Purchase document dated September 2, 2025, which provides comprehensive information regarding the tender and its terms. Stakeholders are encouraged to carefully review this document before making any decisions concerning the tender offer. Specific terms and conditions can be accessed online at APA's Offer Page.

In conjunction with the offer, which is available under the conditions set forth, the company expects to accept $396.37 million in senior notes validly tendered prior to the early tender deadline. The early tender deadline is crucial, as bondholders who submit their notes before this time will qualify for the Early Tender Offer Consideration, which offers a distinct financial incentive compared to submissions made after this date.

Financial Incentives

Bondholders participating in this offer before the early tender deadline can expect the following considerations:

• - Early Tender Offer Consideration: $1,004.11 per $1,000 of notes validly tendered.
• - Bonds tendered after the deadline will instead receive the regular Tender Offer Consideration of $974.11.

Both options will also include accrued interest payments up to the applicable settlement dates. The Early Settlement Date is scheduled for September 18, 2025, while the tender offer will expire at 5:00 PM New York City time on September 30, 2025.

Managerial Oversight

To manage the tender offer, APA has appointed Merrill Lynch International and The Hongkong and Shanghai Banking Corporation Limited as dealer managers. For inquiries related to the offer, investors can reach out to these institutions or the Global Bondholder Services Corporation, the designated information agent.

APA Group Overview

APA stands as a leading entity in energy infrastructure in Australia, marked by a robust portfolio valued at approximately A$27 billion. Its substantial reach includes managing gas and electricity assets, ensuring the operational continuity of 15,000 kilometers of gas pipelines. The company's commitment to securing Australia's energy future is evident through its extensive operations in gas and renewable energy, including wind and solar initiatives.

Conclusion

The tender offer by APA Infrastructure Limited is a strategic move to manage its debt portfolio effectively and signal its ongoing efforts to optimize financial frameworks while ensuring shareholder benefits. Stakeholders must assess their options carefully and consider speaking with financial advisors to navigate this opportunity securely.

For additional details or specific inquiries regarding the tender offer or its implications, individuals may contact Michael Forde, Group Treasurer, at +61 421 584 062 or via email at [email protected]. This announcement should be reviewed alongside the Offer to Purchase for further context and understanding of the tender process.