GeoPark announced tender results for its 8.750% Senior Notes due 2030, with $266.8 million tendered by the expiration date.
Quiver AI Summary
GeoPark Limited announced the results of its cash tender offer for its outstanding 8.750% Senior Notes due 2030, which expired on October 22, 2026. As of the expiration, $266,832,000 in principal amount of the Notes had been validly tendered. The company plans to settle the tender offer on or about October 28, 2026. Each note holder who tendered their notes will receive $1,027.50 per $1,000 principal, plus accrued interest. The tender offer is contingent upon fulfilling certain conditions outlined in the Offer to Purchase, including a financing condition. Interested parties can contact D.F. King & Co., the tender agent, for more information.
Potential Positives
- The successful tender of approximately U.S.$ 266.8 million in aggregate principal amount of the 8.750% Senior Notes indicates strong investor confidence in GeoPark's financial stability.
- The completion of this tender offer will reduce the outstanding principal amount of the Notes to approximately U.S.$ 174.8 million, potentially leading to lower interest expenses in the future.
- The scheduled settlement of the Tender Offer demonstrates GeoPark's commitment to managing its debt effectively.
Potential Negatives
- The tender offer indicates that a significant portion of the company's outstanding notes (U.S.$ 266,832,000) was validly tendered, which suggests potential liquidity issues or a need to restructure debt.
- The completion of the tender offer is contingent upon the satisfaction of certain conditions, including a Financing Condition, implying uncertainty surrounding the company's ability to complete the transaction as planned.
- The press release includes a cautionary statement regarding forward-looking statements, highlighting risks and uncertainties that could materially affect the company's financial condition and results, which may raise concerns among investors.
FAQ
What is the purpose of GeoPark's Tender Offer?
The Tender Offer aims to purchase all outstanding 8.750% Senior Notes due 2030 for cash.
What was the expiration time for the Tender Offer?
The expiration time for the Tender Offer was 5:00 p.m. on October 22, 2026.
How much of the Notes were validly tendered?
U.S.$ 266,832,000 in aggregate principal amount of the Notes were validly tendered.
When is the expected settlement date for the Tender Offer?
The settlement date for the Tender Offer is expected to occur on or about October 28, 2026.
Who can I contact for inquiries about the Tender Offer?
Inquiries can be directed to D.F. King & Co., Inc., the information and tender agent for the Tender Offer.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GPRK Insider Trading Activity
$GPRK insiders have traded $GPRK stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $GPRK stock by insiders over the last 6 months:
- JAMES FRANKLIN PARK has made 0 purchases and 2 sales selling 220,000 shares for an estimated $2,350,300.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GPRK Hedge Fund Activity
We have seen 36 institutional investors add shares of $GPRK stock to their portfolio, and 57 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VR ADVISORY SERVICES LTD added 1,148,479 shares (+154.7%) to their portfolio in Q2 2026, for an estimated $10,451,158
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 576,769 shares (-96.0%) from their portfolio in Q2 2026, for an estimated $5,248,597
- D. E. SHAW & CO., INC. added 370,779 shares (+248.5%) to their portfolio in Q2 2026, for an estimated $3,374,088
- RENAISSANCE TECHNOLOGIES LLC removed 355,553 shares (-10.7%) from their portfolio in Q2 2026, for an estimated $3,235,532
- BLACKROCK, INC. removed 338,187 shares (-53.6%) from their portfolio in Q2 2026, for an estimated $3,077,501
- HATCH COVE CAPITAL, LLC added 327,900 shares (+inf%) to their portfolio in Q3 2026, for an estimated $3,426,554
- FOURTH SAIL CAPITAL LP removed 299,210 shares (-13.4%) from their portfolio in Q2 2026, for an estimated $2,722,811
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
Bogotá, Colombia, Oct. 22, 2026 (GLOBE NEWSWIRE) -- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the tender results in connection with its offer to purchase for cash any and all of its outstanding 8.750% Senior Notes due 2030 (the “Notes”) (the “Tender Offer”). The Tender Offer was made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated October 16, 2026 (the “Offer to Purchase”).
As previously announced, the expiration time for the Tender Offer was 5:00 p.m., New York City time, on October 22, 2026 (such date and time, the “Expiration Time”). As of the Expiration Time, U.S.$ 266,832,000 in aggregate principal amount of the Notes outstanding had been validly tendered and not withdrawn pursuant to the Tender Offer. Settlement of the Tender Offer is expected to occur on or about October 28, 2026 (the “Settlement Date”).
The table below summarizes certain payment terms for the Notes:
| Description of Security | CUSIP No. | ISIN | Outstanding Principal Amount as of the Date Hereof | Consideration per U.S.$1,000 Outstanding Principal Amount (1) | Aggregate Principal Amount Validly Tendered | Aggregate Principal Amount Outstanding After Giving Effect to Settlement of the Tender Offer | ||||||
| 8.750% Senior Notes due 2030 |
144A: 37255B AC3
Reg S: G38327 AD7 |
144A: US37255BAC37
Reg S: USG38327AD78 |
U.S.$441,679,000 | U.S.$1,027.50 | 266,832,000 | 174,847,000 | ||||||
| (1) The Consideration for the Notes will be paid together with accrued and unpaid interest from the last interest payment date for the Notes up to, but not including, the Settlement Date. | ||||||||||||
Upon the terms and subject to the conditions of the Tender Offer set forth in the Offer to Purchase, all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time, if accepted by GeoPark for purchase, will be paid in full by GeoPark on the Settlement Date and all Holders who validly tendered and did not validly withdraw their Notes at any time at or prior to the Expiration Time will receive the Consideration plus accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the Settlement Date, at that time.
The obligation of GeoPark to purchase Notes in the Tender Offer is conditioned on the satisfaction or waiver of certain conditions, including, without limitation, the Financing Condition, described in the Offer to Purchase.
The information and tender agent for the Tender Offer is D.F. King & Co., Inc. Requests for documentation and questions regarding the Tender Offer can be directed to D.F. King & Co., Inc. at its telephone numbers (646) 582-2900 and (800) 967-5084, or by email at [email protected].
Copies of the Offer to Purchase are available from the tender offer website (the “Tender Offer Website”): www.dfking.com/geopark, subject to eligibility confirmation and registration.
Any questions or requests for assistance or for additional copies of this notice may be directed to the dealer managers at their respective telephone numbers set forth below or, if by any Holder, to such Holder’s broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Tender Offer.
The dealer managers for the Tender Offer are:
|
Citigroup Global Markets Inc.
388 Greenwich Street, Trading 4th Floor New York, NY 10013 United States Attn: Liability Management Group |
Deutsche Bank Securities Inc.
1 Columbus Circle New York, NY 10019 United States Attention: Liability Management Group |
J.P. Morgan Securities LLC
270 Park Avenue New York, New York 10017 United States Attn: Latin America Debt Capital Markets |
|
Collect: +1 (212) 723-6106
Toll-Free: +1 (800) 558-3745 |
Collect: +1 (212) 250-2955
Toll-Free: +1 (866) 627-0391 |
Collect: +1 (212) 834-7279
Toll Free: +1 (866) 846-2874 |
This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The Tender Offer is made only by and pursuant to the terms of the Offer to Purchase, and the information in this notice is qualified by reference to the Offer to Purchase. None of GeoPark, the dealer managers or the information and tender agent have made any recommendation as to whether Holders should tender their Notes pursuant to the Tender Offer.
For further information, please contact:
INVESTORS:
|
Maria Catalina Escobar
Shareholder Value and Capital Markets Director |
[email protected] |
|
Miguel Bello Investor Relations Officer |
[email protected] |
|
Maria Alejandra Velez Investor Relations Leader |
[email protected] |
MEDIA:
| Communications Department | [email protected] |
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the tender offer for the notes due 2030, the Company’s notes offering and its intended use of proceeds therefrom. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.
The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.