Bladex and BTG Pactual successfully lead the first syndicated loan for GeoPark Colombia S.A.S. for US$80,000,000 2-year Senior Unsecured Committed Facility
- Bladex and BTG Pactual acted as Mandated Lead Arrangers and Bookrunners for the US$80 million facility for GeoPark Colombia S.A.S.
- Three additional financial institutions in Latin America joined the facility as participating banks, strengthening GeoPark's banking relationships.
- GeoPark Limited produced 36.6 thousand barrels of oil equivalent per day (boepd) and has proved developed reserves of 56 million barrels of oil equivalent (mmboe).
- GeoPark Limited has a robust financial structure with sales of US$1,050 million, EBITDA of US$540 million, and a Net Debt to EBITDA ratio of 0.7x.
- The Facility improves GeoPark's already solid credit profile and serves as a contingency credit line for general corporate purposes.
- None.
GeoPark Colombia S.A.S. is a subsidiary of GeoPark Limited, a leading independent Latin American oil and gas company with operations in
The Facility constitutes the first international committed syndicated transaction led by Bladex and BTG Pactual for GeoPark Colombia S.A.S. The Facility is intended to serve as a contingency credit line that the Company might use at any time for general corporate purposes and therefore improves the already solid credit profile.
Carlos De Alvear, Bladex´s Senior Vice President and Head of
Felipe Peláez from BTG Pactual stated: "BTG Pactual is very pleased to have helped GeoPark, jointly with Bladex, to secure its first syndicated committed unsecured credit facility in company´s history and for such a material amount. BTG Pactual is also very satisfied with the new banking relationships that this transaction brought to GeoPark; it is with this kind of structured transactions that we provide real value to our customers across the region."
Bladex, a multinational bank originally established by the central banks of Latin-American and
Bladex is listed on the NYSE in
BTG Pactual is the biggest investment bank from
For further information, please contact:
Bladex:
Felipe Suarez – SVP, Head of Loan Structuring & Syndications
E-mail address: fsuarez@bladex.com
Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este
BTG Pactual:
Ernesto Meyer – Head of Global Syndication Desk
E-mail address: ernesto.meyer@btgpactual.com
Head Office Address: Avenida Brigadeiro Faria Lima, 3.477, 14º Andar
GeoPark:
Marcelo Iribarne – Capital Markets Director
E-mail address: miribarne@geo-park.com
Head Office Address: Carrera 94, 11-30
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)
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