GRAN TIERRA ENERGY INC. (GTE): debt financing — Gran Tierra Energy issues $487.6M of 9.75% senior secured notes due 2031 in exchange for existing notes

GRAN TIERRA ENERGY INC.

Exchanged $616.98M of existing 9.500% notes due 2029 for $487.59M of new 9.750% notes due 2031 and $125M cash.
New notes mature April 15, 2031; amortize in installments: 15% Oct 2029, 15% Oct 2030, balance at maturity.
Notes are senior secured with guarantees from certain subsidiaries, first lien on stock of guarantors.
Interest at 9.750% payable semi-annually Apr 15 and Oct 15; first payment Oct 15, 2026.
Change of control triggers repurchase at 101% 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 0.9

GRAN TIERRA ENERGY INC. incurred senior notes of US$487,590,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.750% maturing April 15, 2031.

Instrument: senior notes
Principal: US$487,590,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.750%
Maturity: April 15, 2031
Event: incurrence

Exact text from the filing

On February 18, 2026, Gran Tierra Energy Inc., a Delaware corporation (the “Company”), issued US$487,590,000 aggregate principal amount of its 9.750% Senior Secured Amortizing Notes due 2031 (the “Notes”)

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Source: SEC EDGAR

accession 0001104659-26-018158

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