GeoPark Announces Proposed Offering of Senior Notes

Planned proceeds would support debt refinancing and Vaca Muerta development spending over the next 18 months.

Rhea-AI Summary

GeoPark (NYSE: GPRK) plans to offer senior notes guaranteed by certain subsidiaries through a private placement to eligible investors.

Pricing timing and terms remain subject to market conditions and other factors. GeoPark also announced a cash tender offer for any and all outstanding 8.750% notes due 2030. The company intends to use the new offering's net proceeds to repurchase tendered notes, repay or redeem existing debt, including its 5.500% senior notes due 2027, and fund development expenditures at its Vaca Muerta assets over the next 18 months, alongside general corporate purposes.

3 points · 0 major

MixediHow this balance works

How this balance works

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.

How the balance worksHow Sentiment works

0 major · 2 points

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

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Planned senior-note proceeds would fund repurchases of tendered 8.750% notes due 2030.
• Minor point. Forward-looking: it has not happened yet and may not happen.Planned debt repayments or redemptions include 5.500% senior notes due 2027, in whole or in part.
• Minor point. Forward-looking: it has not happened yet and may not happen.Vaca Muerta development expenditures would receive funding over the next 18 months.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Proposed senior notes would add debt obligations guaranteed by certain subsidiaries.
• Minor pointPricing timing and terms remain subject to market conditions and other factors.

Key Figures

Coupon and maturity: 8.750%; due 2030 Coupon and maturity: 5.500%; due 2027

Coupon and maturity

8.750%; due 2030

Outstanding notes included in the cash tender offer

Coupon and maturity

5.500%; due 2027

Existing senior notes that may be repaid or redeemed with proceeds

Previous Offering Reports

1 past event · Latest: Jan 21

Same Type 1 event

1. Jan 21

   Senior notes offering

   24h Move

   -5.1%

   Proceeds were designated for debt repayment and general corporate purposes, including capital expenditures.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

private placement, rule 144a, regulation s, qualified institutional buyers

4 terms

private placement financial

"in a private placement to qualified institutional buyers"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

rule 144a regulatory

"in accordance with Rule 144A under the Securities Act of 1933"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

regulation s regulatory

"in accordance with Regulation S under the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

qualified institutional buyers regulatory

"to qualified institutional buyers in accordance with Rule 144A"

Qualified institutional buyers are large organizations, like big investment firms or banks, that are allowed to buy certain types of investment opportunities not available to everyday investors. Their size and experience matter because it ensures they understand and can handle complex financial deals, making markets more efficient and secure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 that it intends to offer senior notes (the “Notes”), guaranteed by certain subsidiaries of the Company, in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The timing of pricing and terms of the Notes are subject to market conditions and other factors.

Concurrent with the announcement of this proposed offering of Notes, the Company has announced that it is making a cash tender offer to purchase any and all of the Company’s outstanding 8.750% notes due 2030 (the "Notes due 2030"). The Company intends to use the net proceeds from the offering of the Notes to repurchase the Notes due 2030 tendered pursuant to the Concurrent Tender Offer, to repay or redeem, in whole or in part, certain of its existing indebtedness, including the Company’s 5.500% senior notes due 2027 (the “Notes due 2027”), to fund capital expenditures related to the development of the Company’s Vaca Muerta assets over the next 18 months, and for general corporate purposes.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction. The Notes have not been registered under the Securities Act, or any applicable state securities laws, and will be offered only to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and any applicable state securities laws.

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 2030 Notes, 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.

FAQ

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

What debt is GeoPark targeting with its proposed senior-note offering?

GeoPark intends to use net proceeds to repurchase tendered 8.750% notes due 2030 and repay or redeem existing debt, including 5.500% senior notes due 2027, in whole or in part. Its concurrent cash tender offer covers any and all outstanding notes due 2030.

Who can buy GeoPark's proposed senior notes?

The private placement is intended for qualified institutional buyers under Rule 144A and, outside the United States, non-U.S. persons under Regulation S. The notes have not been registered under the Securities Act or applicable state securities laws.