Financing ·
GeoPark prices $550M of 9.5% senior notes due 2033 to refinance debt and fund Vaca Muerta
GPRKGeoPark Ltd
GeoPark Limited priced an offering of U.S.$550,000,000 aggregate principal amount of 9.500% senior notes due 2033 in a private placement to qualified institutional buyers under Rule 144A and outside the United States to non-U.S. persons under Regulation S. The notes are fully guaranteed by GeoPark Colombia S.L.U., GeoPark Colombia S.A., and GeoPark Argentina S.A., with settlement expected on October 28, 2026. Net proceeds will be used to repurchase outstanding 8.750% senior notes due 2030 via a concurrent tender offer, repay or redeem existing indebtedness including the 5.500% senior notes due 2027, fund capital expenditures for Vaca Muerta asset development over the next 18 months, and for general corporate purposes. GeoPark Limited is an independent oil and gas exploration and production company operating primarily in Colombia and Argentina.