Chicago, April 20 – GeoPark Ltd. sold an additional $150 million of 5½% senior notes due 2027, according to a press release.
The notes are guaranteed by GeoPark Chile SpA and GeoPark Colombia SLU and will be consolidated to form one series with its $350 million of 5½% notes that the company issued in January 2020.
The notes priced at 101.875 to yield 5.117%.
The proceeds from the Rule 144A and Regulation S 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.
| Issuer: | GeoPark Ltd.
|
| Guarantors: | GeoPark Chile SpA and GeoPark Colombia SLU
|
| Issue: | Notes
|
| Amount: | $150 million, add-on
|
| Maturity: | 2027
|
| Coupon: | 5½%
|
| Price: | 101.875
|
| Yield: | 5.117%
|
| Trade date: | April 20
|
| Settlement date: | April 23
|
| Distribution: | Rule 144A and Regulation S
|
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