GeoPark Announces Tender Results of Cash Tender Offer for Any and All of Its Outstanding 8.750% Senior Notes Due 2030 (CUSIP Nos. 37255B AC3; G38327 AD7 / ISIN US37255BAC37; USG38327AD78)
Settlement would leave $174,847,000 of the notes outstanding, with purchases still subject to a financing condition.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
GeoPark (NYSE: GPRK) announced that $266,832,000 in principal of its senior notes had been tendered in its cash purchase offer.
The 8.750% notes due 2030 had $441,679,000 outstanding. Consideration is $1,027.50 per $1,000 principal, plus accrued and unpaid interest up to, but excluding, settlement. GeoPark expects settlement on or about October 28, 2026, after which $174,847,000 in principal would remain outstanding. The offer expired October 22, 2026, at 5:00 p.m. New York City time. Purchase remains subject to satisfaction or waiver of conditions, including a Financing Condition, and GeoPark's acceptance of the tendered notes.
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.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Tendered $266,832,000 principal would reduce outstanding 8.750% notes due 2030 to $174,847,000 upon settlement. 36% of market cap
Negative
- Moderate pointPurchase consideration of $1,027.50 per $1,000 principal exceeds face value, plus accrued and unpaid interest.
- Minor pointNote purchases remain subject to satisfaction or waiver of the Financing Condition and GeoPark's acceptance.
Key Figures
- Principal tendered
- U.S.$266,832,000
- Validly tendered and not withdrawn by expiration
- Consideration
- U.S.$1,027.50 per U.S.$1,000
- Plus accrued and unpaid interest through, but excluding, settlement
- Principal outstanding after settlement
- U.S.$174,847,000
- 8.750% Senior Notes due 2030
- Principal outstanding before settlement
- U.S.$441,679,000
- 8.750% Senior Notes due 2030
- Expected settlement date
- October 28, 2026
- Tender offer settlement expected on or about this date
Historical Context
-
Launched the same 2030 notes tender offer and disclosed its consideration and financing condition.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
tender offer financial
cusip technical
isin technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
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. | Aggregate Principal Amount Validly Tendered | Aggregate Principal Amount Outstanding After Giving Effect to Settlement of the Tender Offer | ||||||
| 144A: 37255B AC3 Reg S: G38327 AD7 | 144A: US37255BAC37 Reg S: USG38327AD78 | U.S. | U.S. | 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 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, 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 | 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 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of GeoPark's 2030 notes was tendered in the cash tender offer?
$266,832,000 in aggregate principal of GeoPark's 8.750% senior notes due 2030 was validly tendered and not withdrawn by the expiration time. Following settlement, the outstanding principal amount would be $174,847,000.
When will GeoPark settle the tender offer and what will noteholders receive?
GeoPark expects settlement on or about October 28, 2026, with consideration of $1,027.50 per $1,000 principal for accepted notes. Holders will also receive accrued and unpaid interest from the last interest payment date up to, but excluding, settlement. Purchase remains subject to satisfaction or waiver of conditions, including the Financing Condition.