Gran Tierra announces 88.89% participation in debt exchange for 9.75% notes due 2031

GRAN TIERRA ENERGY INC.

US$636.7M of US$716.3M outstanding existing 9.500% notes tendered (88.89%) as of Feb 11 early participation deadline.
Consents from >66-2/3% of holders obtained to amend indenture, eliminating restrictive covenants and releasing collateral upon closing.
Early settlement Feb 18, 2026: US$125M cash consideration plus new 9.750% notes due 2031 issued; per $1,000 old notes, ~$196 cash + ~$804 new notes.
Exchange offer expires Feb 27, 2026; further tenders after early deadline receive only new notes (no cash).
Financing condition expected satisfied; company cancels tendered existing notes and realizes no new cash proceeds.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.