GeoPark Announces Commencement of Cash Tender Offer for Any and All of Its Outstanding 8.750% Senior Notes Due 2030

The tender and conditional redemption of the 2027 secured notes accompany a proposed new senior notes offering.

Rhea-AI Summary

GeoPark (NYSE: GPRK) launched a cash tender offer for all outstanding senior notes carrying an 8.750% coupon and maturing in 2030. The notes have U.S.$441,679,000 in outstanding principal. Consideration is U.S.$1,027.50 per U.S.$1,000 principal, plus accrued and unpaid interest up to, but excluding, settlement.

The offer expires at 5:00 p.m. New York City time on October 22, 2026, unless extended. Purchases depend on satisfaction or waiver of conditions, including a financing condition. The tender accompanies a proposed offering of U.S. dollar-denominated senior notes. GeoPark also issued a redemption notice for its 5.500% Senior Secured Notes due 2027, conditional on completion of the new notes offering.

2 points · 1 major

MixediHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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1 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Cash tender offers to retire any and all U.S.$441,679,000 of outstanding 8.750% notes due 2030. 59% of market cap
• Moderate pointRedemption notice covers 5.500% Senior Secured Notes due 2027, subject to completion of the new notes offering.

Negative

• Major pointTender consideration of U.S.$1,027.50 per U.S.$1,000 principal requires payment above face value, plus accrued interest.
• Minor pointTender purchases remain subject to a financing condition and other conditions being satisfied or waived.

Key Figures

Outstanding principal: U.S.$441,679,000 Tender consideration: U.S.$1,027.50 per U.S.$1,000 principal amount Tender expiration: October 22, 2026, at 5:00 p.m. New York City time +2 more

Outstanding principal

U.S.$441,679,000

8.750% Senior Notes due 2030

Tender consideration

U.S.$1,027.50 per U.S.$1,000 principal amount

Consideration for the 8.750% Senior Notes

Tender expiration

October 22, 2026, at 5:00 p.m. New York City time

May be extended by GeoPark

Minimum tender denomination

U.S.$200,000 principal amount

Tendering and partial holdings must meet the stated minimum denomination

Notes subject to redemption notice

5.500% Senior Secured Notes due 2027

Redemption is conditioned on completion of the New Notes Offering

Key Terms

tender offer, cusip, isin

3 terms

tender offer financial

"commencement of an offer to purchase for cash any and all of its outstanding"

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

View in glossary

cusip financial

"(CUSIP Nos. 37255B AC3; G38327 AD7"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

isin financial

"ISIN Nos. US37255BAC37; USG38327AD78"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

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(CUSIP Nos. 37255B AC3; G38327 AD7 / ISIN Nos. US37255BAC37; USG38327AD78)

Bogotá, Colombia, Oct. 16, 2026 (GLOBE NEWSWIRE) -- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the commencement of an 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 is being 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 (as it may be amended or supplemented from time to time, the “Offer to Purchase”).

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*
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

__________________________
*	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 (as defined in the Offer to Purchase).

The Tender Offer will expire at 5:00 p.m., New York City time, on October 22, 2026, or any other date and time to which GeoPark extends the Tender Offer (such date and time, as it may be extended, the “Expiration Time”). Holders of Notes must validly tender their Notes at or prior to the Expiration Time and not validly withdraw them at or prior to the applicable Withdrawal Deadline (as defined in the Offer to Purchase) in order to be eligible to receive the Consideration (as defined in the Offer to Purchase) plus accrued and unpaid interest for such Notes. Tendered Notes may be validly withdrawn at any time at or prior to the Withdrawal Deadline but not thereafter.

Notes may be tendered and accepted for payment in principal amounts equal to minimum denominations of U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof. Holders who tender less than all of their Notes must continue to hold Notes in at least the minimum authorized denomination of U.S.$200,000 principal amount. No alternative, conditional or contingent tenders will be accepted.

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. GeoPark reserves the right, in its sole discretion, to amend or terminate the Tender Offer at any time.

The Tender Offer is being made in connection with a proposed offering of U.S. dollar denominated senior notes (the “New Notes”) to be issued by GeoPark (the “New Notes Offering”). The New Notes Offering will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended.   In addition, the Company issued a notice of redemption for its 5.500% Senior Secured Notes due 2027, conditioned upon the completion of the New Notes Offering. The Tender Offer is not an offer to sell or a solicitation of an offer to buy the New Notes.

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 (Banks and Brokers Call) and (800) 967-5084 (Toll-Free), or by email at geopark@dfking.com.

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, New York 10013 United States Attn: Liability Management Group	Deutsche Bank Securities Inc. 1 Columbus Circle New York, NY 10019 United States Attn: 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 U.S. Toll-Free: +1 (800) 558-3745 Email: ny.liabilitymanagement@citi.com	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 makes 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	mescobar@geo-park.com
Miguel Bello Investor Relations Officer	mbello@geo-park.com
Maria Alejandra Velez Investor Relations Leader	mvelez@geo-park.com

MEDIA:

Communications Department

communications@geo-park.com

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, the New 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What price is GeoPark offering for its 8.750% notes due 2030?

GeoPark is offering U.S.$1,027.50 per U.S.$1,000 in outstanding principal of its 8.750% Senior Notes due 2030. Payment also includes accrued and unpaid interest from the last interest payment date up to, but excluding, the settlement date.

When does GeoPark's tender offer for its 2030 notes expire?

The tender offer expires at 5:00 p.m., New York City time, on October 22, 2026, unless GeoPark extends it. To qualify for payment, holders must validly tender by expiration and not validly withdraw their notes by the applicable withdrawal deadline.

How can holders participate in GeoPark's tender offer, and what minimum amounts apply?

Holders can obtain tender documents at www.dfking.com/geopark, subject to eligibility confirmation and registration, and seek assistance from their broker or other nominee. Tenders must be in minimum principal amounts of U.S.$200,000 and integral multiples of U.S.$1,000 above that amount. Holders tendering only part of their position must retain at least U.S.$200,000 principal; alternative, conditional or contingent tenders are not accepted.