Chile’s GeoPark gets early tenders of $284.02 million of 7˝% notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 21 – GeoPark Latin America Ltd. Agencia en Chile, a branch of GeoPark Latin America Ltd., wholly owned by GeoPark Ltd., received and accepted early tenders of $284,015,000 of its $300 million of 7˝% senior secured notes due 2020, according to a press release.

The early deadline was 5 p.m. ET on Sept. 19.

Additionally, the company announced it will redeem any notes not tendered under the offer on Oct. 21 at 103.75 plus accrued interest to the redemption date.

The total purchase price is $1,041.25 for each $1,000 principal amount of notes tendered by the early deadline. The total amount includes an early tender premium of $30.00 per $1,000 principal amount.

Holders who tender after the early deadline will receive $1,011.25 per $1,000 of notes.

The issuer also will pay accrued interest up to but excluding the payment date.

The tender offer will end at 11:59 p.m. ET on Oct. 3.

Early settlement occurred on Thursday in connection with GeoPark’s settlement of its new issue of $450 million 6˝% notes due 2024.

Credit Suisse Securities (USA) LLC (212 538-2147 or 800 820-1653) and Goldman Sachs & Co. LLC (212 902-6595 or 800 828-3182) are the dealer managers. D.F. King & Co., Inc. (212 269-5550, 866 796-6867 or geopark@dfking.com) is the information and tender agent.

GeoPark is an oil and gas explorer, operator and consolidator based in Santiago, Chile.

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