Milbank LLP advised the initial purchasers in connection with GeoPark Limited’s offering of $550 million aggregate principal amount of 8.750% senior notes due 2030. GeoPark has used a portion of the net proceeds from the notes offering to repurchase $405.3 million of the company’s outstanding senior notes due 2027 tendered by holders in a concurrent tender offer. GeoPark is a leading independent Latin American oil and gas explorer, operator and consolidator with assets and growth platforms in Colombia, Ecuador, Chile and Brazil.
“We are pleased to have advised our clients on another pan-regional offering that was two times oversubscribed and included more than 120 global investors,” said Marcelo Mottesi, chair of Milbank’s Corporate Finance and Securities practice and co-head of the firm’s Latin America group.
The Milbank deal team was led by Mr. Mottesi with Corporate Finance and Securities special counsel Gonzalo Guitart and associate Kendall Langs, as well as Tax partner Andrew Walker and associate Michelle Song.
