GeoPark Announces Tender Results of Cash Tender Offer for Any and All of Its Outstanding 8.750% Senior Notes Due 2030 (CUSIP Nos. 37255B AC3; G38327 AD7 / ISIN US37255BAC37; USG38327AD78)
GeoPark announced the results of its cash tender offer for any and all of its 8.750% Senior Notes due 2030, which expired October 22, 2026. A total of $266.8 million in principal was validly tendered out of $441.7 million outstanding, leaving about $174.8 million of the notes outstanding after settlement expected on or about October 28, 2026, at a consideration of $1,027.50 per $1,000 plus accrued interest. The tender is conditioned on the Financing Condition and is tied to the company's related notes offering, indicating a refinancing of the higher-coupon 2030 bonds; Citigroup, Deutsche Bank and J.P.
Key figures
- Coupon
- 8.750%
- Settlement date
- 2026-10-28
- Tendered principal
- 266832000
- Consideration per 1000
- U.S.$1,027.50
- Outstanding before tender
- 441679000
- Outstanding after settlement
- 174847000
AI analysis
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