Bracewell Represents APA Corporation in $2 Billion Term Loan Facility in Connection With $4.5 Billion Acquisition of Callon Petroleum Company

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Bracewell LLP represented APA Corporation in a $2 billion term loan facility in connection with APA Corporation’s $4.5 billion acquisition of Callon Petroleum Company. The loan will be used to retire existing indebtedness of Callon. Callon’s assets provide additional scale to APA’s operations across the Permian Basin, most notably in the Delaware Basin, where Callon has nearly 120,000 acres.