secwatch / observer
8-K filed February 12, 2024, 6:59 PM ET ticker GTE CIK 0001273441
debt confidence high sentiment neutral materiality 0.50

Gran Tierra Energy terminates credit facility with Trafigura, repays with senior note proceeds

GRAN TIERRA ENERGY INC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

GRAN TIERRA ENERGY INC. terminated amended and restated credit facility with Trafigura PET Ltd. valued at Terminated credit facility with no material early termination penalties (effective 2024-02-06).

Action
termination
Agreement
credit facility
Counterparty
Trafigura PET Ltd.
Value
Terminated credit facility with no material early termination penalties
Effective
2024-02-06
Exact text from the filing
Gran Tierra Energy Inc. (the "Company"), as guarantor, and Gran Tierra Energy Colombia GmbH and Gran Tierra Operations Colombia GmbH, as borrowers, terminated the amended and restated credit facility (the "credit facility"), dated as of September 19, 2023, with Trafigura PET Ltd., as lender. The Company used a portion of the net proceeds from its recently completed private placement of senior notes to voluntarily prepay all outstanding amounts under the credit facility and did not incur any material early termination penalties. Upon the full payment and satisfaction of the credit facility, the guarantee and security interests securing obligations under the credit facility were extinguished and terminated.
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GRAN TIERRA ENERGY INC. filing history →

Source: SEC EDGAR
accession 0001104659-24-014978
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