Geopark to seek new funding for bond buyback

Latin American oil and gas company GeoPark may return to bond markets in the near future as it looks to finance a tender offer for up to $255m of its $425m of 6.5% senior unsecured 2024s.
GeoPark launched the tender offer on Tuesday morning, alongside a consent solicitation that seeks to bring covenants on the 2024s in line with those on its 5.5% 2027s. Though B+/B+ rated GeoPark has not yet confirmed whether it will issue new bonds, the buyback is contingent on the
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