SYDNEY, Sept. 4, 2024 /PRNewswire/ — APA Infrastructure Restricted, an Australian company (the “Company”) and the borrowing entity of its dad or mum corporate, APA Staff Restricted, an Australian company, these days introduced that it has commenced a affectionate deal (the “Tender Offer”) to buy for money any and all of its remarkable 4.200% Senior Assured Notes due 2025 (the “Securities”).

The Affectionate Do business in is being made pursuant to an Do business in to Acquire, dated September 4, 2024 (the “Offer to Purchase”) and the accompanying Realize of Assured Supply (as they are going to every be amended or supplemented from hour to hour, the “Tender Offer Documents”), which poised forth a extra colorful description of the Affectionate Do business in and are to be had on-line at https://www.gbsc-usa.com/apa/. Holders of the Securities are suggested to learn the Affectionate Do business in Paperwork in moderation earlier than making any determination with admire to the Affectionate Do business in.

The Corporate introduced on September 4, 2024 its aim to factor and deal on the market untouched USD-denominated senior assured debt securities (the “New Notes”). The Corporate’s legal responsibility to just accept for acquire and pay for Securities which have been validly tendered, and no longer validly withdrawn, pursuant to the Affectionate Do business in is conditioned at the a hit finishing touch, on or earlier than the Agreement While (as outlined beneath), of the proposed concurrent providing of Unutilized Notes or a number of alternative choices of assured senior debt securities, in every case, on phrases and topic to situations sufficient to the Corporate in its sole discretion (the “Financing Condition”).

Sure knowledge in regards to the Securities and the U.S. Treasury Reference Safety, the Bloomberg Reference Web page and the mounted unfold is ready forth within the desk beneath.

The Affectionate Do business in will expire at 5:00 p.m., Unutilized York Town hour, on September 10, 2024 (such week and hour, as it can be prolonged, the “Expiration Deadline”) until prolonged or previous terminated as described within the Do business in to Acquire.  Holders of the Securities will have to validly affectionate, and no longer validly extract, their Securities previous to or on the Expiration Cut-off date, or ship a correctly finished and duly finished Realize of Assured Supply previous to or on the Expiration Cut-off date and affectionate their Securities previous to or at 5:00 p.m., Unutilized York Town hour, on the second one trade month following the Expiration Cut-off date, to be eligible to obtain the acceptable Acquire Value for such Securities.

The acceptable acquire worth (the “Purchase Price”) payable for every U.S.$1,000 main quantity of Securities validly tendered, and no longer validly withdrawn, and accredited for fee pursuant to the Affectionate Do business in shall be ambitious within the approach described within the Do business in to Acquire through connection with the mounted unfold for the Securities specified within the desk above plus the yielding to adulthood in accordance with the bid-side worth of the U.S. Treasury Reference Safety specified within the desk above, calculated at 10:00 a.m., Unutilized York Town hour, on September 10, 2024, until prolonged or previous terminated as described within the Do business in to Acquire.  Along with the Acquire Value, the Corporate can even pay accumulated and unpaid passion on Securities bought pursuant to the Affectionate Do business in as much as, however no longer together with, the agreement week for the Affectionate Do business in, which is predicted to be September 16, 2024 (the “Settlement Date”).  The assured supply agreement week could also be anticipated to be September 16, 2024.  For the avoidance of indecision, accumulated passion will stop to accrue at the agreement week for Securities accredited for acquire pursuant to the Affectionate Do business in, together with the ones tendered through the assured supply procedures poised forth within the Do business in to Acquire.

Securities validly tendered pursuant to the Affectionate Do business in could also be withdrawn at any hour previous to or at, however no longer later, 5:00 p.m., Unutilized York Town hour, on September 10, 2024, until prolonged or the Affectionate Do business in is previous terminated as described within the Do business in to Acquire (such week and hour, as it can be prolonged, the “Withdrawal Deadline”).  As well as, if the Affectionate Do business in is prolonged, legitimate tenders of the Securities could also be withdrawn at any hour previous to the sooner of (i) the Expiration Cut-off date and (ii) the 10th trade month later the graduation of the Affectionate Do business in. Securities validly tendered will also be withdrawn at any hour later the sixtieth trade month later the graduation of the Affectionate Do business in if for any explanation why the Affectionate Do business in has no longer been consummated inside of 60 trade days later graduation.

The Corporate’s legal responsibility to just accept for fee and to pay for Securities which have been validly tendered, and no longer validly withdrawn, pursuant to the Affectionate Do business in is topic to the pleasure or waiver of various situations described within the Do business in to Acquire, together with the Financing Situation. Matter to acceptable securities rules and the phrases poised forth within the Do business in to Acquire, the Corporate reserves the precise to (i) waive or adjust in complete or partially any and all situations of the Affectionate Do business in, (ii) prolong the Withdrawal Cut-off date and/or the Expiration Cut-off date, (iii) adjust or finish the Affectionate Do business in or (iv) in a different way amend the Affectionate Do business in the least bit. The Affectionate Do business in isn’t conditioned on any minimal quantity of Securities being tendered.

The Corporate intends, in reference to the allocation of the Unutilized Notes within the proposed concurrent providing of the Unutilized Notes, to believe amongst alternative components possibly sooner the related investor in the hunt for an allocation of the Unutilized Notes has validly tendered or indicated to the Corporate or the Broker Managers (as outlined beneath) a company aim to affectionate any Securities it holds pursuant to the Affectionate Do business in and, if this is the case, the combination main quantity of such Securities tendered or supposed to be tendered through such investor. When figuring out allocations of the Unutilized Notes, the Corporate intends to present some extent of desire to such traders. Alternatively, the Corporate will believe diverse components in making allocation selections and isn’t obliged to allocate the Unutilized Notes to the sort of investor or to allocate the sort of investor an quantity of Unutilized Notes that corresponds to the volume of Securities tendered through such investor pursuant to the Affectionate Do business in. Any attainable allocation of the Unutilized Notes shall be made on the sole discretion of the Corporate. Buyers must notice that the pricing and allocation of the Unutilized Notes might pull park previous to the Expiration Cut-off date for the Affectionate Do business in and any investor that wants to subscribe for Unutilized Notes along with tendering present Securities for acquire pursuant to the Affectionate Do business in must due to this fact grant, once practicable, to any Broker Supervisor any indications of a company aim to affectionate Securities for acquire pursuant to the Affectionate Do business in and the quantum of Securities that it intends to affectionate to bring for this to be taken into consideration as a part of the Unutilized Notes allocation procedure. Please please see the Do business in to Acquire for additional main points.

The aim of the Affectionate Do business in and the proposed concurrent providing of Unutilized Notes is to refinance a portion of the present debt of the Corporate, and to increase the Corporate’s debt adulthood profile. The Corporate intends to charity the acquisition of any Securities validly tendered and accredited through it for acquire with to be had budget, together with a portion of the online proceeds from the proposed concurrent providing of Unutilized Notes. Securities bought within the Affectionate Do business in shall be retired and stopped.

Broker Managers

The Corporate has retained J.P. Morgan Securities LLC and Merrill Lynch World as broker managers for the Affectionate Do business in (the “Dealer Managers”) and World Bondholder Services and products Company as the guidelines and affectionate agent for the Affectionate Do business in (the “Information & Tender Agent”).  For backup knowledge in regards to the phrases of the Affectionate Do business in, please touch:  J.P. Morgan Securities LLC at +1 (866) 834-4666 (U.S. toll loose) or +1 (212) 834-4818 (bind); or Merrill Lynch World at +44 20 7996 5420 (Europe), +1 (888) 292-0070 (U.S. toll loose) or +1 (980) 387-3907 (U.S.). Needs for paperwork and questions in regards to the tendering of Securities could also be directed to the Data & Affectionate Agent through phone at +1 (212) 430-3774 (for banks and agents simplest) or +1 (855) 654-2015 (for all others toll-free) or through e mail at [email protected] or to the Broker Managers at their respective phone numbers.

Statements of intent on this announcement shall no longer represent a realize of redemption below the indenture governing the Securities. This announcement shall no longer represent or method a part of any deal, solicitation or invitation to promote, factor or subscribe for any securities, or a solicitation to shop for or an deal to buy any securities, nor shall there be any deal, solicitation or sale of any securities in any shape or jurisdiction through which such an deal, solicitation or sale can be illegal previous to registration or qualification below the securities rules of any jurisdiction. The Affectionate Do business in is being made simplest pursuant to the Do business in to Acquire and simplest in such jurisdictions as is allowed below acceptable regulation.

For additional knowledge, please touch:

Michael Cox
Head of Media Family members & Monetary Communications
Phone: +61 2 8650 5560
Mob: +61 429 465 227
E mail: [email protected]

About APA Staff (“APA”)

APA is a important Australian Securities Trade indexed power infrastructure trade. As Australia’s power infrastructure spouse, APA owns and/or manages and operates a various, A$26 billion portfolio of fuel, electrical energy, sun and air belongings. In step with its function to conserve Australia’s power generation, APA delivers round part of Australia’s home fuel utilization via 15,000 kilometres of fuel pipelines that it owns, operates and maintains. Via its investments in electrical energy transmission, APA connects Victoria with South Australia, Tasmania with Victoria and Unutilized South Wales with Queensland, offering important flexibility and aid for the grid. APA additionally owns and operates energy pace belongings in Australia, together with gas-powered, air and sun initiatives around the nation. APA Infrastructure Restricted is a completely owned subsidiary of APA Infrastructure Accept as true with and is the borrowing entity of APA Staff. For more info talk over with APA’s web site, apa.com.au.

Impressive Realize

This announcement will have to be learn at the side of the Affectionate Do business in Paperwork. This announcement and the Affectionate Do business in Paperwork include remarkable knowledge which must be learn in moderation earlier than any determination is made with admire to the Affectionate Do business in. If any holder of Securities is in any indecision as to the contents of the Affectionate Do business in Paperwork or the motion it must pull, it is strongly recommended to hunt its personal monetary recommendation, together with in admire of any tax repercussions, from its dealer, attic supervisor, solicitor, accountant or alternative separate monetary, tax or criminal assistant. Anyone or corporate whose Securities are hung on its behalf through a dealer, broker, attic, custodian, consider corporate or alternative nominee will have to touch such entity if it needs to affectionate such Securities pursuant to the Affectionate Do business in. Not one of the Corporate, the Broker Managers or the Data & Affectionate Agent or any in their respective administrators, staff or associates makes any advice whether or not holders of Securities must affectionate Securities pursuant to the Affectionate Do business in.

Ahead-Having a look Statements

The Corporate considers parts of this announcement to be a forward-looking remark. Ahead-looking statements will also be known usually through the virtue of forward-looking terminology reminiscent of “believes”, “expects”, “may”, “will”, “could”, “should”, “intends”, “estimates”, “plans”, “assumes”, “predicts” or “anticipates”, in addition to the negatives of such phrases and alternative phrases of related which means in reference to discussions of generation working or monetary efficiency or of technique that contain dangers and uncertainties. Even supposing the Corporate believes that the expectancies mirrored in such forward-looking statements are primarily based upon affordable guesses on the hour made, those guesses are inherently unsure and contain various dangers and uncertainties which might be past the Corporate’s regulate; due to this fact, the Corporate can provide incorrect contract that such expectancies shall be completed. Day occasions and original effects, monetary and in a different way, might vary materially from the consequences mentioned within the forward-looking statements because of dangers and uncertainties, together with, with out limitation, imaginable adjustments within the timing and consummation of the Do business in.

You might be cautioned to not park any undue reliance at the forward-looking statements contained on this announcement, which discuss simplest as at their respective dates. Neither the Corporate nor any of its associates undertakes any legal responsibility publicly to replace or revise any forward-looking statements, whether or not because of untouched knowledge, generation occasions or in a different way except for as required through any acceptable rules and rules.

Incorrect Do business in or Sale

This announcement does no longer represent an deal to promote, or the solicitation of an deal to shop for, securities in america or any alternative jurisdiction through which such an deal can be unlawful. Any securities (together with the Unutilized Notes) described on this announcement have no longer been, and may not be, registered below the U.S. Securities Operate of 1933, as amended (the “U.S. Securities Act”), or the securities rules of any shape or jurisdiction of america. Accordingly, such securities is probably not presented or offered, immediately or not directly, in america or to any U.S. particular person (as outlined in Legislation S below the U.S. Securities Operate) until they have got been registered below the U.S. Securities Operate (which neither the Corporate nor its associates has any legal responsibility to do or procure) or are presented and offered in a transaction spared from, or no longer topic to, the registration necessities of the U.S. Securities Operate and acceptable securities rules of any shape or alternative jurisdiction of america.

Do business in and Distribution Restrictions

The distribution of this announcement and/or the Affectionate Do business in Paperwork in sure jurisdictions could also be limited through regulation. Individuals in ownership of this announcement and/or the Affectionate Do business in Paperwork are required through the Corporate, the Broker Managers and the Data & Affectionate Agent to tell themselves about, and to watch, the sort of restrictions. Neither this announcement nor the Affectionate Do business in Paperwork represent an deal to shop for or the solicitation of an deal to promote Securities (and tenders of Securities within the Do business in may not be accredited from holders of Securities) in any instances through which such deal or solicitation or acceptance is illegal. In the ones jurisdictions the place the securities, blue sky or alternative rules require the Affectionate Do business in to be made through a certified dealer or broker and any Broker Supervisor or any of the Broker Managers’ respective associates is the sort of approved dealer or broker in the sort of jurisdiction, the Affectionate Do business in will probably be deemed to be made through such Broker Supervisor or associate, because the case could also be, to the behalf of the Corporate in such jurisdiction.

Each and every holder of Securities taking part within the Affectionate Do business in can also be deemed to present sure representations in admire of the alternative jurisdictions most often as move ahead within the category “Procedures for Participating in the Offer — Holder Representations, Warranties and Undertakings” of the Do business in to Acquire. Any affectionate of Securities for acquire from a holder of Securities this is not able to assemble those representations may not be accredited. Each and every of the Corporate, the Broker Managers and the Data & Affectionate Agent reserves the precise, in its absolute discretion, to analyze, with regards to any affectionate of Securities for acquire, whether or not the sort of illustration given through a holder of Securities is proper and, if such investigation is undertaken and consequently the Corporate determines (for any explanation why) that such illustration isn’t proper, such affectionate shall no longer be accredited.

SOURCE APA Infrastructure Restricted