GeoPark (NYSE: GPRK) reports US$266.8 million tendered in note offer

What happened

GeoPark Limited (NYSE: GPRK) said on October 22, 2026 that US$266.83 million of its 8.750% Senior Notes due 2030 were validly tendered.

The offer covered any and all of the notes.

Settlement is expected on or about October 28, 2026. Holders will receive US$1,027.50 for each US$1,000 principal amount, plus accrued and unpaid interest to, but not including, the settlement date.

The notice says all notes validly tendered and not withdrawn at or before the expiration time, if accepted, will be paid in full on the settlement date.

Key numbers

Metric	Latest	Change	Source
Notes validly tendered	US$266.83 million		SEC 6-K
Notes outstanding before tender	US$441.68 million		SEC 6-K
Consideration per US$1,000 principal	US$1,027.50		SEC 6-K
Notes expected to remain after settlement	US$174.85 million		SEC 6-K
Tendered as a share of notes outstanding	60.4%		Calculated from SEC 6-K

Read more: GeoPark (GPRK) stock analysis and investment case

Why it matters

OptimistFi's case is that GeoPark's value depends on turning its Latin American oil-and-gas assets into cash, not just reported earnings.

This filing strengthens that case because the company said US$441.68 million of notes were outstanding before the tender and US$174.85 million would remain after settlement.

The tendered amount is about 60.4% of the outstanding principal, so a large part of the 2030 issue can be removed if closing happens.

The filing also says the consideration includes accrued and unpaid interest from the last interest payment date through settlement, and that accepted notes will be paid in full on the settlement date.

It says the offer was for any and all of the notes, that it expired at 5:00 p.m., New York City time, on October 22, 2026, and that holders who tendered valid notes may receive US$1,027.50 per US$1,000 principal amount.

The purchase obligation remains conditioned on the Financing Condition, so the debt reduction is still not final.

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What's next

GeoPark expects settlement on or about October 28, 2026.

If the company accepts the validly tendered notes, it will retire them and pay the stated consideration plus interest.

A completed settlement would confirm the debt reduction and leave US$174.85 million outstanding.

If the Financing Condition is not satisfied or waived, the tender does not close.

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