GeoPark (GPRK) said it has priced an offering of $550 million worth of 8.750% senior notes due 2030.
The notes were offered in a private placement with settlement expected Friday, the company said.
Net proceeds will be used to repurchase the company's outstanding 5.5% senior notes due 2027, to repay up to $152 million of outstanding prepayments and for general corporate purposes.
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