Strong Free Cash Flow Generation Funds Increased Development and Exploration Program, Debt Reduction and Balance Sheet Strengthening, and Cash Dividends to .
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GeoPark Limited ( GeoPark or the Company ) (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina today announced its Board of Directors has declared its quarterly cash dividend of $0.0205 per share ($1.25 million in the aggregate) payable on May 28, 2021 to the shareholders of record at the close of business on May 17, 2021.
GeoPark is on track to deliver strong operational and financial performance and free cash flow generation while remaining committed to returning value to its shareholders.
Additional information about GeoPark can be found in the Investor Support section on the website at www.geo-park.com.
Press release content from Business Wire. The AP news staff was not involved in its creation.
GeoPark Announces Successful First Phase of Its Strategic Deleveraging Process
April 22, 2021 GMT
BOGOTA, Colombia (BUSINESS WIRE) Apr 22, 2021
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced successful first phase of its strategic deleveraging process that is expected to result in a significant debt reduction and an improved financial profile with extended maturities and lower cost of debt.
The strategic deleveraging process is being executed through a series of transactions 1 that included a successful tender to purchase $255 million of the 6.500% Senior Notes due 2024 (“2024 Notes”) to be funded with a combination of cash in hand and a $150 million new issuance from the reo
Press release content from Business Wire. The AP news staff was not involved in its creation.
GeoPark Limited Prices Offering of US$150,000,000 5.500% Senior Notes Due 2027
April 21, 2021 GMT
BOGOTA, Colombia (BUSINESS WIRE) Apr 20, 2021
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Argentina, Brazil, Chile and Ecuador, announced the pricing of US$150,000,000 aggregate principal amount of 5.500% senior notes due 2027 (the “Notes”). The issue price for the Notes is 101.875% and the yield to maturity of the Notes is 5.117%. The Notes constitute an additional issuance of previously issued US$350,000,000 aggregate principal amount of the Company’s 5.500% Notes due 2027. The Notes were offered in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (t