Cox Hallett Wilkinson Limited (“CHW”) advised GeoPark Limited (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, on Bermuda law matters relating to the US$315 million acquisition of Amerisur Resources Plc. (“Amerisur”) (LON:AMER). The debt financing was secured by Citibank N.A. And Itau in the form of a bridge loan. Cardiff-based Amerisur has agreed the buyout from GeoPark unit GeoPark Colombia SAS.
GeoPark will acquire the entire issued and to be issued share capital of Amerisur for a total cash consideration of approximately £242 million. Closing of the transaction is expected in December 2019 or January 2020, following approval of Amerisur shareholders and subject to customary regulatory approvals.
Davis Polk Wardwell LLP, led by Adela Troconis and Scott Herrig, acted as US counsel for GeoPark.
The CHW team was led by Ernest Morrison and Kathleen Moniz.
For further information, please visit GeoPark's announcement at https://www.geo-park.com/files/releases/GeoPark_Announces_Amerisur_Acquisition__Final_002_EN_1.pdf.
15 November 2019