GRAN TIERRA ENERGY INC. (GTE): debt financing — Gran Tierra Energy Inc. enters into $75M revolving credit facility maturing April 16, 2028

GRAN TIERRA ENERGY INC.

$75M borrowing base at closing, revolving credit facility matures April 16, 2028.
Interest at base rate or Term SOFR plus 4.50% margin; borrower's option.
Borrower is Swiss subsidiary Gran Tierra Energy Colombia GmbH; guaranteed by parent and certain subsidiaries.
Collateral includes substantially all Colombian assets of borrower and certain guarantors.
Financial covenants: net debt/EBITDA ≤ 3.00x; interest coverage ≥ 2.50x, tested quarterly.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GRAN TIERRA ENERGY INC. incurred revolving credit of $75 million with GLAS USA LLC at base rate (subject to a floor of 1.00%) plus an applicable margin of 4.50% or a maturing April 16, 2028.

Instrument: revolving credit
Principal: $75 million
Counterparty: GLAS USA LLC
Rate: base rate (subject to a floor of 1.00%) plus an applicable margin of 4.50% or a
Maturity: April 16, 2028
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a revolving credit facility up to the then effective Borrowing Base (as defined in the Credit Agreement), which was equal to $75 million as of the Closing Date. Loans under the Credit Agreement mature on April 16, 2028

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Source: SEC EDGAR

accession 0001104659-25-036136

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