8/102 sources · 2 publishersUpdated Oct 21, 22:44 UTC
GeoPark issues $550 million 9.5% senior notes due 2033
GeoPark Limited priced a $550 million senior note offering with a 9.5% coupon that matures in 2033. The company said the proceeds will be used to repurchase its 8.75% notes due 2030, repay other debt, fund Vaca Muerta capital projects and for general corporate purposes. The notes are guaranteed by GeoPark’s Colombian and Argentine subsidiaries and are expected to settle on Oct. 28 2026.
Why it matters
The issuance provides GeoPark with lower‑cost financing to replace higher‑rate debt and to support Vaca Muerta development, which could improve its leverage profile and fund growth projects.
Key facts
- 1GeoPark priced $550 million in senior notes. tradingview.com
- 2The notes carry a 9.5% coupon. tradingview.com
- 3Maturity is 2033. tradingview.com
- 4Settlement is expected on Oct. 28 2026. tradingview.com
- 5Proceeds will be used to repurchase 8.75% notes due 2030. investing.com
- 6Proceeds will also repay other debt, fund Vaca Muerta projects and cover general corporate uses. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.