GeoPark Prices U.S.$550M 9.500% Senior Notes Due 2033 to Refinance 2030 and 2027 Debt
GPRK sits 70% above its 52-week low of $6.52 on light trading volume (0.2× avg).
Summary
GeoPark priced U.S.$550 million of 9.500% senior notes due 2033, settling October 28, to tender its 2030 notes, repay its 2027 notes and fund Vaca Muerta capex.
Key Events · Financing and Capital Events · GPRK
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Notes Priced at U.S.$550 Million
U.S.$550,000,000 aggregate principal of 9.500% senior notes due 2033, offered under Rule 144A and Regulation S and guaranteed by GeoPark Colombia S.L.U., GeoPark Colombia S.A.S. and GeoPark Argentina S.A.
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Refinancing of 2030 and 2027 Notes
Proceeds fund a concurrent tender for the 8.750% 2030 notes and repayment or redemption of the 5.500% 2027 notes; the 2030 tender already drew U.S.$266.8 million at U.S.$1,027.50 per U.S.$1,000, leaving U.S.$174 million outstanding.
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Vaca Muerta Capex Earmarked
Part of the net proceeds funds capital expenditures on Vaca Muerta assets over the next 18 months, alongside general corporate purposes.
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Settlement Expected October 28
Closing is expected on October 28, 2026, subject to customary closing conditions.
Analysis · GPRK · Energy & Transportation
The refinancing GeoPark announced on October 16 now has terms: U.S.$550 million of 9.500% notes due 2033, settling October 28. The coupon is steep, but the deal pushes out maturities — the 2030 notes are being tendered and the 5.500% 2027 notes repaid or redeemed — and earmarks part of the proceeds for Vaca Muerta development over the next 18 months. Execution is already well advanced: the 2030 tender drew U.S.$266.8 million at U.S.$1,027.50 per U.S.$1,000, leaving U.S.$174 million outstanding. The main cost is interest expense at 9.500% versus the 8.750% it replaces.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GPRK was trading at $11.08 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $719.1M. The 52-week trading range was $6.52 to $13.13. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.