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GeoPark ( (GPRK) ) has issued an update.
On January 21, 2025, GeoPark Limited announced its plan to offer senior notes in a private placement to institutional buyers. The proposed offering, subject to market conditions, aims to use the net proceeds to purchase the company’s outstanding 5.500% senior notes due 2027, repay up to $152 million in prepayments, and for general corporate purposes. Concurrently, GeoPark commenced a cash tender offer for the 2027 notes, which will expire on January 27, 2025, unless extended. This strategic financial maneuver is part of GeoPark’s efforts to optimize its capital structure and potentially strengthen its market position.
More about GeoPark
GeoPark Limited is an exempted company incorporated under the laws of Bermuda, with its principal executive office in Bogota, Colombia. The company operates in the oil and gas industry, focusing on exploration, development, and production of hydrocarbons in Latin America. GeoPark is listed on the New York Stock Exchange under the ticker GPRK.
YTD Price Performance: 3.06%
Average Trading Volume: 602,284
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $534.6M
Learn more about GPRK stock on TipRanks’ Stock Analysis page.
