GeoPark gets $315 million bridge loan commitment for Amerisur buy

By Sara Rosenberg

New York, Nov. 15 – GeoPark has received a commitment for a $315 million bridge loan to fund its acquisition of Amerisur Resources plc, according to a news release.

Citibank and Itau provided the debt commitment.

The company expects to arrange longer-term debt financing to replace the bridge loan as soon as possible.

Under the agreement, Amerisur is being bought for a total cash consideration of about £242 million.

Closing is expected in December or in January, subject to approval by Amerisur shareholders and customary regulatory approvals.

GeoPark is a Chile-based Latin American oil and gas explorer, operator and consolidator. Amerisur is a United Kingdom-based oil exploration and production company.

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