secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001104659-23-111091
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gran Tierra issues $487.6M 9.500% Senior Secured Notes in exchange for 2025/2027 notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000110465923111091/0001104659-23-111091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000110465923111091/tm2328914d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-111091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer