Posse Herrera Ruiz guides GeoPark to secure $550 million bond issuance
Posse Herrera Ruiz (PHR) served as legal advisor in Colombia to Deutsche Bank Securities, JP Morgan Securities, and Banco BTG Pactual Cayman Branch on GeoPark Limited’s landmark $550 million bond issuance. The transaction, finalized on February 3, 2025, featured 8.750% senior notes maturing in 2030.
The bond issuance has enabled GeoPark to repurchase $405.3 million of its outstanding 2027 notes, effectively optimizing its capital structure. This strategic move is expected to enhance the company’s financial flexibility and mitigate refinancing risk.
The cross-border transaction, which involved stakes in Colombia, saw collaboration among several law firms. Milbank joined PHR in advising the underwriters, while Cuatrecasas (Colombia) and Davis Polk & Wardwell (US) served as counsel to the issuer, GeoPark.
The legal team from Posse Herrera Ruiz was led by partner Jaime Cubillos (pictured left), with support from partners Jesús Albarrán (pictured center) and Juan José Huertas (pictured right). Other lawyers involved in the transaction included Isabella Del Rio and Camilo Ballesteros.
Milbank’s team consisted of lawyers Marcelo Mottesi, Gonzalo Guitart, and Kendall Langs. On the issuer’s side, Cuatrecasas was represented by Manuel Quinche, Natalia Arango, Simón Escobar, and Isabel Ocampo, while Davis Polk & Wardwell’s team included Maurice Blanco, James Vickers, José Miguel Fernández, and Lourenço Lopes-Sabino.
