GeoPark Announces Proposed Note Offering for 2030 Debt Tender

GeoPark plans a private placement of senior notes to help fund a cash tender for its 8.75% notes due 2030, address other debt and support development at its Vaca Muerta assets in Argentina. The proposed financing also includes general corporate purposes among its planned uses, and its terms remain subject to market conditions. Certain GeoPark subsidiaries would guarantee the new notes. The company has not announced an offering amount, interest rate, maturity, issue price or pricing date. The securities are intended for qualified institutional buyers in the United States and non-U.S. persons outside the country. The tender covers all of GeoPark’s outstanding 8.75% notes due 2030. Their principal balance was $441,679,000 as of Oct. 16.

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