KWM advises APA to launch $500 million entitlement offer

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King & Wood Mallesons (KWM) have advised APA Group (APA) on its entitlement offer (PAITREO) of new APA securities, which was launched today.  
  
The KWM team was led by M&A Partners David Eliakim and Will Heath, supported by Senior Associate Anna Chen, and associates Chloe Johnston and Evelyn Peter. 
  
The entitlement offer will be used to assist in the funding of APA's growth projects and capital expenditure program, the funding of the redemption of APA Subordinated Notes, and for other general corporate purposes.
 
This is the third time that KWM has acted on a PAITREO in the last month. KWM recently worked with the underwriters of Woodside's $2.5 billion PAITREO and recently advised Transurban on its successfully completed $1.9 billion PAITREO