April 9, 2021 |
Chilean oil and gas company GeoPark could spend up to $100 million in cash and sell bonds or use existing credit lines to repurchase $255 million in outstanding debt by early May, a source familiar with the deal told LatinFinance.
The company put out a tender offer on Tuesday to buy back $255 million in outstanding 6.5% 2024 bonds with Bank of America, Credit Suisse and JPMorgan as the dealer managers. It offered to pay $1,100 for every $1,000 in principal until the early-bird deadline on April
Chilean oil and gas company looks for ways to repurchase $255 mln in outstanding bonds by early May