GeoPark plans private placement of senior notes

BOGOTA - GeoPark Limited (NYSE: NYSE:), a Bermuda-incorporated institution with an awesome 75% gross nett borderline and "GREAT" fiscal wellness according to InvestingPro, announced contiguous its volition to connection elder notes successful a backstage placement aimed astatine qualified organization buyers, according to Rule 144A and Regulation S nether the Securities Act of 1933. The specifics of the offering, including pricing and terms, volition beryllium connected prevailing marketplace conditions and different factors.

In a related move, GeoPark concurrently declared a currency tender connection for the afloat redemption of its outstanding 5.500% notes owed successful 2027. Trading astatine an charismatic P/E ratio of 5.3 and generating a robust 32% escaped currency travel yield, the institution intends to allocate the nett proceeds from the caller notes offering towards the acquisition of these 2027 notes, repayment of up to $152 cardinal successful outstanding prepayments nether an existing offtake and prepayment agreement, and for wide firm purposes that whitethorn see superior expenditures.

The notes successful question person not been registered nether the Securities Act oregon immoderate authorities securities laws. As such, they volition beryllium disposable lone to qualified organization buyers and non-U.S. persons extracurricular the United States, with nary plans for a nationalist offering successful immoderate jurisdiction wherever it would beryllium unlawful without registration oregon qualification nether the respective securities laws.

This property merchandise contains forward-looking statements that impact risks and uncertainties, which could origin existent results to disagree materially from those projected oregon anticipated by the company. GeoPark has a argumentation of not updating forward-looking statements and emphasizes that these statements are based connected existent expectations and assumptions that whitethorn not beryllium accurate. For deeper insights into GeoPark's fiscal wellness and maturation potential, investors tin entree broad investigation and 8 further ProTips done InvestingPro's elaborate probe reports, disposable for implicit 1,400 US stocks.

The accusation for this quality nonfiction is based connected a property merchandise connection from GeoPark Limited.

In different caller news, GeoPark Limited, an autarkic Latin American vigor company, precocious unveiled its 2025 Work Program. The programme aims to heighten shareholder worth done disciplined superior allocation, operational excellence, and sustainable growth, with a accumulation people of 70,000 barrels of lipid equivalent per time by 2028 and 100,000 by 2030. GeoPark's 2025 superior expenditure is projected astatine $275 cardinal to $310 million, supporting an mean accumulation estimation of 35,000 barrels of lipid equivalent per day.

GeoPark besides anticipates an adjusted EBITDA of $350 cardinal to $430 cardinal for 2025, assuming a terms of $70 to $80 per barrel. The institution plans to proceed its yearly dividend outgo of astir $30 cardinal to shareholders. Also, GeoPark is committed to reducing its biology footprint, aiming for a 35-40% simplification successful c strength by 2025 compared to 2020 levels.

However, GeoPark's acquisition of a 45% involvement successful the CPO-9 artifact successful Colombia has been halted owed to Ecopetrol's determination to workout its preemptive rights. Meanwhile, the imaginable to get Repsol (OTC:)'s 25% involvement successful SierraCol Energy Arauca LLC remains open. Both GeoPark and Parex Resources look a imaginable taxation hike arsenic the Colombian authorities considers raising taxes connected lipid and state industries, according to Jefferies.

GeoPark reported mixed Q3 results, with a 16% diminution successful nett gross to $159 million, chiefly owed to little lipid prices and production. However, the institution achieved a nett net of $25 cardinal and saw a important betterment successful currency flow, with currency reserves rising to $140 million. These are caller developments that investors should beryllium alert of arsenic they measure the aboriginal prospects of the company.

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