APA Group strengthens liquidity with significant note tender

APA Group announced on September 19, 2025, it repurchased $396.4m of its $850m senior guaranteed notes due July 2027. This represents a 93% take-up of the maximum tender amount of $425m, and 47% of the total outstanding notes. The offer for these notes remains open and is scheduled to expire on September 30, 2025.

Garrick Rollason, APA's chief financial officer, stated that this tender aligns with the company's capital allocation strategy. The initiative aims to maximize securityholder value by proactively reducing cash, lowering finance costs, and addressing the refinancing task for calendar year 2027.

Rollason highlighted that the tender strengthens APA's balance sheet, enabling it to fund its attractive growth pipeline. APA Group is an ASX-listed energy infrastructure business managing a $27bn portfolio of gas, electricity, solar, and wind assets across Australia.