GeoPark Limited Prices Offering of U.S.$550,000,000 9.500% Senior Notes Due 2033
Key Highlights
- ➤GeoPark prices $550 million of 9.500% senior notes due 2033
- ➤Net proceeds target repurchasing 2030 notes and repaying existing debt
- ➤Proceeds will fund Vaca Muerta development capital expenditures over 18 months
- ➤Settlement is expected October 28, 2026, subject to customary closing conditions
Bogotá, Colombia, Oct. 21, 2026 (GLOBE NEWSWIRE) -- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the pricing of U.S.$550,000,000 aggregate principal amount of 9.500% senior notes due 2033 (the “Notes”). The Notes were offered 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 Notes will be fully and unconditionally guaranteed jointly and severally by GeoPark Colombia S.L.U., GeoPark Colombia S.A.S., and GeoPark Argentina S.A. The settlement of the Notes offering is expected to take place on October 28, 2026, subject to customary closing conditions.
The net proceeds from the Notes offering will be used by the Company to repurchase the Company’s outstanding 8.750% senior notes due 2030 (the “2030 Notes”) through a concurrent tender offer, to repay or redeem, in whole or in part, certain of its existing indebtedness, including the Company’s outstanding 5.500% senior notes due 2027, to fund capital expenditures related to the development of its Vaca Muerta assets over the next 18 months, and for general corporate purposes.
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