GeoPark seeks noteholder consent to amend permitted holder definition in debt indenture
GPRK•Consent solicitation for 2030 senior notes
GeoPark launched a consent solicitation to amend the indenture for its 8.750% Senior Notes due 2030.
The proposed change would add Jaime Gilinski Bacal, immediate family members, heirs, descendants and affiliates to the definition of “Permitted Holders,” which would limit change-of-control risk.
Linked to planned Venezuela acquisition and consent fee
The move targets a potential 56.3% stake for Grupo Gilinski tied to GeoPark’s planned Venezuela Bare field acquisition, which has not closed.
Holders delivering consents by Sept. 23 can receive a cash fee of USD 2.5 per USD 1,000 principal amount, subject to majority approval.
