- Gran Tierra Energy (NYSE:GTE) announced that it has priced its offering of an additional $150 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 in a private placement.
- Gran Tierra is set to close its offering of 9.500% Senior Secured Amortizing Notes due 2029, with the same terms and provisions as the original notes.
- The offering is expected to close on September 18, 2024, and the net proceeds are expected to be around $136.0 million.
- The notes will trade under the same CUSIP number as the original notes, but will have a different CUSIP number until 40 days after the issue date.
- The company intends to use the net proceeds from the offering to finance the cash portion of the consideration payable for the shares under the terms of the proposed acquisition of the entire issued and to be issued share capital of i3 Energy plc and the remaining net proceeds from the offering for general corporate purposes.
More on Gran Tierra Energy Inc.:
#Gran #Tierra #Energy #prices #150M #debt #offering #issuance #senior #secured #amortizing #notes