Geopark to seek new funding for bond buyback

argentina, Patagonia, oil, Santa Cruz, Geopark, LatAm, 575
By Oliver West
07 Apr 2021

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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