GeoPark Colombia S.A. entered into an agreement to acquire Amerisur Resources plc (AIM:AMER) from Michinoko Limited, Canaccord Genuity Limited, Amerisur Directors and others for approximately £230 million on November 15, 2019. Under the terms of the transaction, each Amerisur shareholder will be entitled to receive £0.1921 per share as consideration. To fund the transaction, GeoPark has secured a debt financing with Citibank N.A. and Itaú for a total consideration of $315 million (£244.59 million) in the form of a bridge loan. Funds are committed and will be disbursed upon closing of the transaction. GeoPark expects to arrange longer-term debt financing to replace the bridge loan as soon as is practically possible. Amerisur Resources will pay a break fee of £2.42 million in cash if, an Independent Competing Transaction subsequently becomes or is declared unconditional in all respects or is completed or becomes effective. On January 7, 2020, Geopark announced that it intends to offer senior notes in a private placement to qualified institutional buyers to finance the cash consideration payable by GeoPark Colombia to Scheme Shareholders. GeoPark and GeoPark Colombia have also received irrevocable undertakings from Canaccord Genuity Limited and Michinoko Limited to vote, or procure the voting, to approve the Scheme at the Amerisur Court Meeting in favor of the Special Resolution at the Amerisur General Meeting in respect of a total of 229.142585 million Amerisur Shares, representing approximately 18.9% of the existing issued ordinary share capital of Amerisur. GeoPark is committed to safeguard the employment and pension rights of Amerisur's employees in accordance with statutory and contractual requirements. The transaction is subject to customary closing conditions, including approval of Amerisur shareholders, sanction of the Court, third party clearance and customary regulatory approvals (from ANH, Colombian regulatory authority and SIC). Amerisur Directors intend unanimously to recommend that Amerisur Shareholders vote in favor of the resolutions relating to the transaction. As of November 28, 2019, the Court meeting is scheduled to be held on December 19, 2019 and the Amerisur General Meeting is scheduled to be held on 19 December 2019. As of December 12, 2019, the transaction is approved by Agencia Nacional de Hydrocarburos. As on January 14, 2020, the transaction has been sanctioned by the court. The scheme is expected to become effective on January 16, 2020 and longstop date is April 26, 2020. Jeremy Low, Tom Hughes, Gary Mattan and Neil Elliot of BMO Capital Markets Limited and Callum Stewart, Jason Grossman and Ashton Clanfield of Stifel acted as financial advisors for Amerisur Directors. Roger Ader and James McEwen of N.M. Rothschild & Sons Limited acted as financial advisor for GeoPark. Tom Mercer and Nicholas Stretch of Ashurst LLP and Rosenblatt Limited are retained as legal advisers to Amerisur. Norton Rose Fulbright LLP is retained as legal adviser to GeoPark and GeoPark Colombia. GeoPark Colombia S.A. completed the acquisition of Amerisur Resources plc (AIM:AMER) from Michinoko Limited, Canaccord Genuity Limited, Amerisur Directors and others on January 16, 2020. GeoPark is funding the transaction through the issuance of $350 million (£268.73 million) 5.5% senior notes due 2027.