GeoPark Ltd. (GPRK), Wednesday announced the pricing of 8.750 percent senior notes due 2030 in a private placement. The offering is worth $550 million.
The proceeds would be primarily utilized to repurchase the company's outstanding 5.500 percent senior notes, due 2027, and repay upto $152 million of outstanding dues.
The offering is estimated to close on January 31.
GeoPark's stock closed Tuesday at $9.16, down 2.86 percent on the New York Stock Exchange.
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