GeoPark plans add-on to 5˝% notes due 2027

By Rebecca Melvin

New York, April 14 – GeoPark Ltd. plans to conduct an add-on offering to its 5˝% notes due 2027, according to a company news release.

The notes will be guaranteed by GeoPark Chile SpA and GeoPark Colombia SLU and will be consolidated to form one series with its $350 million of 5˝% notes that the company issued in January 2020.

Concurrently with the offering of new notes the company is making a cash tender offer to purchase a portion of the company’s outstanding 6˝% senior notes due 2024 and a consent consolidation to amend the terms of the indenture for those notes.

The proceeds from the notes will be used to purchase a portion of the existing 2024 notes and for general corporate purposes.

GeoPark is an oil and gas exploration and production company operating in Colombia, Chile, Brazil, Peru, Ecuador and Argentina.

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