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GeoPark Prices $550 Million Debt Offering
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GeoPark Prices $550 Million Debt Offering
Jan 29, 2025 3:31 AM

06:07 AM EST, 01/29/2025 (MT Newswires) -- GeoPark ( GPRK ) said it has priced an offering of $550 million worth of 8.750% senior notes due 2030.

The notes were offered in a private placement with settlement expected Friday, the company said.

Net proceeds will be used to repurchase the company's outstanding 5.5% senior notes due 2027, to repay up to $152 million of outstanding prepayments and for general corporate purposes.

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