GeoPark notes totaling $550 million have been priced with a 9.500% coupon and a 2033 maturity, the company announced on October 21, 2026. The financing is intended to support debt repayments and development spending, with settlement expected on October 28, subject to customary closing conditions.
Key Takeaways
- GeoPark priced $550 million of 9.500% senior notes due in 2033.
- Planned uses include repurchasing 2030 notes and repaying or redeeming other existing debt.
- Proceeds will also support Vaca Muerta development spending over the next 18 months.
Table of Contents
GeoPark notes to fund debt repayments and development
GeoPark plans to use net proceeds to repurchase its outstanding 8.750% senior notes due in 2030 through a concurrent tender offer. It also intends to repay or redeem, in whole or in part, certain existing indebtedness, including its 5.500% senior notes due in 2027.
The company also earmarked funds for capital expenditures related to developing its Vaca Muerta assets over the next 18 months and for general corporate purposes. The announcement did not specify how much would be allocated to each use.
Private placement awaits settlement
The notes were offered to qualified institutional buyers under Rule 144A of the U.S. Securities Act and to non-U.S. persons outside the United States under Regulation S. They have not been registered under the Securities Act or applicable state securities laws.
GeoPark Colombia S.L.U., GeoPark Colombia S.A.S. and GeoPark Argentina S.A. will provide full and unconditional guarantees, jointly and severally.
The company cautioned that its expectations concerning the offering, tender offer and intended use of proceeds may not be realized. Pricing has been announced, but settlement remains subject to closing conditions.
Conclusion
The pricing sets the terms of GeoPark’s planned financing, while completion and the intended debt and development spending remain prospective.
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