GeoPark launches historic $550 million bond issue in crossborder transaction

Cuatrecasas has advised GeoPark, a leading oil and gas exploration and production company in Latin America, on structuring and placing a senior bond issue, worth 550 million and due 2023, on the international capital market.

The crossborder transaction—structured by Banco BTG Pactual (Cayman Branch), J.P. Morgan Securities and Deutsche Bank Securities—enabled the energy company to access an important source of financing, while providing the necessary liquidity to continue with its transactions and expansion plans, improving its capacity to invest in new opportunities and strengthen its position in the regional market. It also allowed the company to repurchase $405.3 million worth of outstanding notes due to expire in 2027.

Manuel Quinche, managing partner of the Cuatrecasas Bogotá office, stated, “This $550 million bond issue not only reflects the sound market and its confidence in GeoPark, but also strengthens the company’s capacity to continue to grow and expand in Latin America.”

The bond issue was successfully placed on the international market, under Rule 144A / Reg S, in important jurisdictions such as Argentina, Colombia, Spain, the United Kingdom and the United States, thus strengthening GeoPark’s presence as a key player in the region’s energy industry.

The oil company has recently been awarded a “AA” rating on the MSCI Index for the second consecutive year, positioning itself as one of the best rated companies in its industry, while also being included in the S&P Global 2025 Sustainability Yearbook. In its 2025 Work Program, GeoPark has set a production target of 70,000 barrels of oil equivalent per day for 2028 and 100,000 for 2030.

Cuatrecasas partner Natalia Arango emphasized, “The oversubscription of the offer and the participation of over 120 international investors attest to the company’s appeal and credit strength. We are proud to have advised GeoPark on this strategic transaction, which optimizes its debt structures and provides the necessary resources to continue with its ambitious projects.”

The Cuatrecasas advisory team was made up of lawyers Manuel Quinche, Natalia Arango, Simón Escobar and Isabel Escobar (Finance); Rafael Marulanda (Corporate and M&A); Jaime Vargas and Nathalie Medina (Corporate Taxation); and the significant contribution of Jaime de la Torre and Gonzalo Terceño (Madrid office).