GeoPark secures noteholder consents to amend terms of 8.750% senior notes due 2030
GeoPark secured majority noteholder consents to amend "Permitted Holders" in its 8.750% 2030 notes, reducing change-of-control risk as Grupo Gilinski's stake is expected to rise above 50% after a share issuance tied to a Venezuela heavy-oil entry. The development is primarily issuer-specific, signaling improved capital structure flexibility and transaction execution, with limited direct read-through to broader energy or macro markets.
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GeoPark said it has obtained the required consents from holders of its 8.750% senior notes due 2030 and expects to pay a consent fee on September 29, 2026. The company plans to pay $2.50 per $1,000 principal amount to eligible holders who submitted consents before the expiration time. Separately, GeoPark is acquiring Grupo Gilinski’s 95% stake in the holding company for the Bare field opportunity in exchange for newly issued shares, after Grupo Gilinski-affiliated entities recently bought about 28% of GeoPark’s outstanding common shares.