secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001104659-26-018158
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gran Tierra Energy issues $487.6M of 9.75% senior secured notes due 2031 in exchange for existing notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000110465926018158/0001104659-26-018158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000110465926018158/tm266919d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-018158

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