GeoPark (GPRK) said Tuesday it plans to offer senior notes in a private placement to eligible institutional buyers.
The pricing and terms of the notes will depend on market conditions and other factors, the company said.
The company also announced a cash tender offer to repurchase all of its outstanding 5.500% notes due 2027.
GeoPark plans to use the net proceeds from the offering to repurchase its notes due 2027, repay up to $152 million in outstanding prepayments under an offtake and prepayment agreement, and use any remaining funds for general corporate purposes.
Shares of GeoPark were down more than 5% in recent trading.
Price: 9.89, Change: -0.57, Percent Change: -5.41
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。