secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0001104659-23-106383
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gran Tierra Energy: 91% of 2025 & 2027 notes tendered for new 9.5% secured notes due 2029
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- 91.04% ($247.6M) of 2025 notes and 91.41% ($274.2M) of 2027 notes tendered by early deadline.
- Early participants receive $1,080 per $1,000 principal for 2025 notes (part cash, approx. $242 cash + $838 in new notes) and $1,020 in new notes for 2027 notes.
- New notes carry 9.500% coupon, are senior secured amortizing, and mature in 2029; no cash proceeds to company.
- Consents obtained from required holders to eliminate substantially all restrictive covenants and amend events of default; supplemental indentures executed.
- Exchange offers expire Oct 18, 2023; settlement expected Oct 20, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000110465923106383/0001104659-23-106383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000110465923106383/tm2327426d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-106383

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