#Colombia #Bogota #Senior Notes #Tender Offer #GeoPark

GeoPark Limited Cash Tender Offer Results

GeoPark Limited, a company listed on the New York Stock Exchange under the ticker symbol GPRK, has recently disclosed the results of its tender offer to buy back its outstanding 5.500% Senior Notes due in 2027. This announcement took place on January 28, 2025, from Bogotá, Colombia, and marks a significant milestone for the company in terms of debt management and financial strategy.

Overview of the Tender Offer

The company initiated this cash tender offer, which allowed any holder of the 5.500% Senior Notes to sell their notes back to GeoPark for cash. The offer was structured with specific conditions, including a financing condition mentioned in the associated offer documents. The window for the tender offer closed at 5 PM New York City time on January 27, 2025, and resulted in a notable assembly of participation from noteholders.

As of the expiration time, an impressive total of $412,753,000 in principal amount of the outstanding notes had been validly tendered. This reflects strong interest from investors, indicating a robust standing of the company in the financial markets.

Settlement Details

GeoPark is expected to finalize the settlement of the notes on January 31, 2025. The consideration for the notes will be $1,000 per $1,000 principal amount, in addition to any accrued and unpaid interest from the last interest payment date right up to the settlement date. Following the completion of this tender offer, the remaining principal amount of the notes will be approximately $87,247,000, evidencing a significant buyback that enhances the company’s fiscal health.

Important Conditions

It should be noted that the company’s obligation to purchase these notes depends on the fulfillment of certain criteria, including the financing condition, detailed within the offer documents made available to potential investors. This careful structuring underscores GeoPark’s commitment to prudent financial management amid a dynamic market environment.

Communication and Documentation

For those interested in obtaining further details regarding the tender offer or who seek to get in touch with GeoPark’s representatives, the company has made documentation available through their dedicated tender offer website (https://projects.sodali.com/geopark). Their tender agent, Sodali Co., is also reachable via phone or email for any queries related to the tender offer. Key contact points include numbers +1 203 658 9457 and +44 20 4513 6933.

Furthermore, interested parties may direct communication to the dealer managers of the tender offer, including Banco BTG Pactual S.A., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC, providing additional layers of support and information for investors.

Conclusion

In summary, GeoPark Limited's proactive approach in executing a cash tender offer for its senior notes due in 2027 not only reflects the company’s commitment to enhancing shareholder value but also illustrates a responsible strategy in managing its debt obligations. As the settlement date approaches, market observers and stakeholders will be keenly watching for the outcomes and implications of this significant financial maneuver.