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ISS Revises Recommendation in Favor of All Eight of GeoPark s Highly Qualified Directors
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Leading Independent Proxy Advisory Firm ISS Recommends Shareholders Vote FOR Seven of Eight of GeoParks Highly Qualified Directors
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Leading Independent Proxy Advisory Firm ISS Recommends Shareholders Vote FOR Seven of Eight of GeoPark s Highly Qualified Directors
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GeoPark Announces Successful First Phase of Its Strategic Deleveraging Process
April 22, 2021 GMT
BOGOTA, Colombia (BUSINESS WIRE) Apr 22, 2021
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced successful first phase of its strategic deleveraging process that is expected to result in a significant debt reduction and an improved financial profile with extended maturities and lower cost of debt.
The strategic deleveraging process is being executed through a series of transactions 1 that included a successful tender to purchase $255 million of the 6.500% Senior Notes due 2024 (“2024 Notes”) to be funded with a combination of cash in hand and a $150 million new issuance from the reo