GeoPark taps inside secondaries to fund oversubscribed tender

By Oliver West
21 Apr 2021

Latin American oil and gas company GeoPark priced a reopening of its 2027 bonds with a negative new issue concession on Tuesday, taking advantage of strong demand from holders of its old notes to raise $150m.

GeoPark had launched a tender offer for up to $255m of its $425m of 6.5% 2024s on April 6, proposing to fund the buy-back with a combination of balance sheet cash and a new bond issue. Holders of the 2024s could ask for an allocation code that they could use to ...

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