GRAN TIERRA ENERGY INC. (GTE): debt financing — Gran Tierra exchanges 90.5% of existing 9.5% notes for 9.75% notes due 2031

GRAN TIERRA ENERGY INC.

Total $648.5M of $716.3M existing notes tendered (90.52%), resulting in $503.6M new notes issued.
New notes bear 9.75% interest, mature April 2031, up from 9.5% due 2029 – 25 bps increase.
After exchange, $87.6M existing notes remain outstanding (12.23% of original).
Company will not receive cash proceeds; tendered existing notes are cancelled.

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$11,717,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.750% per year maturing April 15, 2031.

Instrument: senior notes
Principal: US$11,717,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.750% per year
Maturity: April 15, 2031
Event: incurrence

Exact text from the filing

On March 2, 2026, Gran Tierra Energy Inc., a Delaware corporation (the “Company”), issued US$11,717,000 aggregate principal amount of additional 9.750% Senior Secured Amortizing Notes due 2031 (the “Additional Notes”), in exchange for US$11,717,000 aggregate principal amount of the Company’s 9.500% Senior Secured Amortizing Notes due 2029 (the “Existing Notes”).

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Source: SEC EDGAR

accession 0001104659-26-024683

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