GeoPark Secures $550 Million Debt Issuance for Debt Repurchase

GeoPark, a Colombian oil and gas company, has raised $550 million through a debt issuance to repurchase outstanding debt. The transaction was supported by reputable law firms from various regions, highlighting its significance in stabilizing the company’s finances.

Colombian oil and gas company GeoPark has successfully raised $550 million through a debt issuance designed specifically to fund the repurchase of its outstanding debt obligations. The issuance was facilitated by several law firms, including Davis Polk & Wardwell LLP, with offices in New York and Washington D.C., and support from Cuatrecasas located in both Madrid and Bogotá. Additionally, Salaverri, Burgio & Wetzler Malbrán contributed from Buenos Aires, enhancing the transaction’s legal framework and ensuring compliance with regional regulations.

In summary, GeoPark’s $550 million debt issuance marks a significant step towards optimizing its financial standing by repurchasing existing debt. The involvement of prominent law firms underscores the transaction’s complexity and importance. This strategic financial maneuver is poised to enhance GeoPark’s operational stability within the oil and gas sector.

Original Source: latinlawyer.com