GeoPark Limited Prices Offering of U.S.$550,000,000 9.500% Senior Notes Due 2033

Planned uses include refinancing notes due 2030 and 2027 and funding Vaca Muerta development over the next 18 months.

Rhea-AI Summary

GeoPark (GPRK) priced an offering of U.S.$550,000,000 in senior notes, adding planned financing for debt refinancing and asset development. The notes carry a 9.500% rate and mature in 2033. Settlement is expected on October 28, 2026, subject to customary closing conditions.

Net proceeds will fund repurchases of 8.750% senior notes due 2030 through a concurrent tender offer, repayment or redemption of existing debt, including 5.500% senior notes due 2027, and capital expenditures for Vaca Muerta development over the next 18 months, alongside general corporate purposes. GeoPark Colombia S.L.U., GeoPark Colombia S.A.S. and GeoPark Argentina S.A. will fully and unconditionally guarantee the notes jointly and severally.

4 points · 1 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

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.Priced offering provides planned financing of U.S.$550,000,000 in aggregate principal amount. 73% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Net proceeds will fund repurchases of 8.750% notes due 2030 through a concurrent tender offer.
• Minor point. Forward-looking: it has not happened yet and may not happen.Net proceeds will repay or redeem existing debt, including 5.500% notes due 2027, in whole or part.
• Minor point. Forward-looking: it has not happened yet and may not happen.Net proceeds will fund Vaca Muerta development capital expenditures over the next 18 months.

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.New senior notes add a 9.500% debt obligation due 2033.
• Minor point. Forward-looking: it has not happened yet and may not happen.Three subsidiaries will fully and unconditionally guarantee the notes jointly and severally.

Key Figures

Aggregate principal: U.S.$550,000,000 Coupon: 9.500% Maturity: 2033 +4 more

Aggregate principal

U.S.$550,000,000

New senior notes

Coupon

9.500%

New senior notes

Maturity

2033

New senior notes

Expected settlement

October 28, 2026

Subject to customary closing conditions

Existing 2030 notes coupon

8.750%

Notes targeted for repurchase through a concurrent tender offer

Existing 2027 notes coupon

5.500%

Notes included among existing indebtedness to be repaid or redeemed

Capital expenditure period

18 months

Development of Vaca Muerta assets

Previous Debt offering,offering Reports

1 past event · Latest: Oct 16

Same Type 1 event

1. Oct 16

   Proposed notes offering

   24h Move

   +2.0%

   Proposed the same notes placement and outlined the refinancing and capital expenditure uses.

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

Key Terms

rule 144a, regulation s, qualified institutional buyers, senior notes

4 terms

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

"offered in a private placement to qualified institutional buyers"

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.

senior notes financial

"aggregate principal amount of 9.500% senior notes due 2033"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

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

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Bogotá, Colombia, Oct. 21, 2026 (GLOBE NEWSWIRE) -- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the pricing of U.S.$550,000,000 aggregate principal amount of 9.500% senior notes due 2033 (the “Notes”). The Notes were offered 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 Notes will be fully and unconditionally guaranteed jointly and severally by GeoPark Colombia S.L.U., GeoPark Colombia S.A.S., and GeoPark Argentina S.A. The settlement of the Notes offering is expected to take place on October 28, 2026, subject to customary closing conditions.

The net proceeds from the Notes offering will be used by the Company to repurchase the Company’s outstanding 8.750% senior notes due 2030 (the “2030 Notes”) through a concurrent tender offer, to repay or redeem, in whole or in part, certain of its existing indebtedness, including the Company’s outstanding 5.500% senior notes due 2027, to fund capital expenditures related to the development of its 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 are the terms of GeoPark's new senior notes?

GeoPark priced U.S.$550,000,000 in aggregate principal amount of 9.500% senior notes due 2033. Settlement is expected on October 28, 2026, subject to customary closing conditions.

Who can buy GeoPark's new senior notes?

The notes are offered to qualified institutional buyers under Rule 144A and, outside the United States, to non-U.S. persons under Regulation S. They have not been registered under the Securities Act or applicable state securities laws.