GeoPark Announces Proposed Offering of Senior Notes

Bogotá, Colombia, Oct. 16, 2026 (GLOBE NEWSWIRE) -- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced that it intends to offer senior notes (the “Notes”), guaranteed by certain subsidiaries of the Company, in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The timing of pricing and terms of the Notes are subject to market conditions and other factors.

Concurrent with the announcement of this proposed offering of Notes, the Company has announced that it is making a cash tender offer to purchase any and all of the Company’s outstanding 8.750% notes due 2030 (the "Notes due 2030"). The Company intends to use the net proceeds from the offering of the Notes to repurchase the Notes due 2030 tendered pursuant to the Concurrent Tender Offer, to repay or redeem, in whole or in part, certain of its existing indebtedness, including the Company’s 5.500% senior notes due 2027 (the “Notes due 2027”), to fund capital expenditures related to the development of the Company’s Vaca Muerta assets over the next 18 months, and for general corporate purposes.