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Simpson Thacher Advises on Committed Debt Financing for APA Corporation’s Acquisition of Callon Petroleum Company

01.04.24

The Firm is advising J.P. Morgan, Citigroup and Wells Fargo in providing $2.0 billion of committed debt financing to APA Corporation (NASDAQ: APA) (“APA”) in connection with APA’s announced acquisition of Callon Petroleum Company (NYSE: CPE) (“Callon”).                                                           
APA owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname.

Callon is an independent oil and natural gas company focused on the acquisition, exploration and sustainable development of high-quality assets in the Permian Basin in West Texas.

The Simpson Thacher team includes Patrick Ryan, Ismael Duran, Jule Walsh and Roman Ibragimov (Banking & Credit); Brian Rosenzweig, Maggie Selbe and Andrew Scattergood (Capital Markets).