Milbank LLP advised the initial purchasers in connection with GeoPark Limited’s offering of $550 million aggregate principal amount of 9.500% senior notes due 2033.
GeoPark has used a portion of the net proceeds from the notes offering to repurchase $266.8 million of the company’s outstanding senior notes due 2030 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 and Argentina and has recently announced its strategic entry into Venezuela through the Bare Block, a large-scale producing heavy oil asset located in the Orinoco Heavy Oil Belt, one of the world’s largest hydrocarbon accumulations.
The Milbank deal team was led by Marcelo Mottesi, chair of the firm’s Corporate Finance and Securities practice and co-head of the firm’s Latin America Group, special counsel Gonzalo Guitart and Ryan deFord, associate Ronny Vaisman, and international associate Agustina Murchison; Tax partner Andrew Walker and associate Erika Jensen; and Global Risk and National Security partner Bijan Ganji, special counsel Pinky Mehta and associate Bridget Golob.
