GeoPark Acquires Amerisur Resources in Cash Transaction

Updated 1 year 8 months ago

In November 2019, GeoPark agreed to acquire Amerisur Resources for GBP 242 million in cash (19.21 pence per share). This follows a strategic review announced by Amerisur in July 2019. Amerisur was formed in 2007 and acquired Platino Energy in 2016. Closing is expected in December 2019 or January 2020. GeoPark has secured a $315 million bridge loan from Citibank to fund the transaction and plans to replace this bridge loan with longer-term debt financing. The deal closed in January 2020.