GRAN TIERRA ENERGY INC. (GTE): debt financing — Gran Tierra issues $487.6M 9.500% Senior Secured Notes in exchange for 2025/2027 notes

GRAN TIERRA ENERGY INC.

Issued $487.59M in 9.500% Senior Secured Amortizing Notes due Oct 2029.
Exchanged for $247.08M of 6.250% Notes due 2025 and $275.80M of 7.750% Notes due 2027.
Principal amortized: 25% Oct 2026, 5% Oct 2027, 30% Oct 2028, balance at maturity.
Notes secured by first lien on capital stock of certain subsidiary guarantors.
Change-of-control repurchase at 101% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

GRAN TIERRA ENERGY INC. incurred senior notes of US$487,590,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.500% per year maturing October 15, 2029.

Instrument: senior notes
Principal: US$487,590,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.500% per year
Maturity: October 15, 2029
Event: incurrence

Exact text from the filing

On October 20, 2023, Gran Tierra Energy Inc., a Delaware corporation (the “Company”), issued US$487,590,000 aggregate principal amount of its 9.500% Senior Secured Amortizing Notes due 2029

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GRAN TIERRA ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-111091

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