PRISM Oil & Gas Index Latest Company News: Gran Tierra Energy
    PRISM Oil & Gas Index Latest Company News: Gran Tierra Energy
    PRISM Markets

    PRISM Oil & Gas Index Latest Company News: Gran Tierra Energy

    02 February 2024

    New York, February 01, 2024 - PRISM MarketView - Gran Tierra Energy (NYSE American/TSX/LSE: GTE), an international energy company focused on oil and gas exploration and production in Columbia and Ecuador, is making headlines. The PRISM Oil & Gas Index member announced the pricing of its additional $100 million offering of 9.500% Senior Secured Amortizing Notes due 2029.
    Gran Tierra Energy Inc. - Prism MarketView

    Gran Tierra Energy Inc. - Prism MarketView

    Gran Tierra Energy Inc. together with its subsidiaries (“Gran Tierra”) is a company focused on oil and gas exploration and production in Colombia and Ecuado

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    Gran Tierra Energy Inc. Announces Pricing of an Additional $100 Million Aggregate Principal Amount of its 9.500% Senior Secured Amortizing Notes due 2029

    CALGARY, Alberta, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has priced its offering of an additional $100 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of

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    This private placement targets qualified institutional buyers in the U.S., non-U.S. persons outside the U.S., and certain Canadian exemptions. The new notes will share terms with the existing $487.59 million Original Notes, except for the issue price, and are expected to form the same series, including interest payments.
    The offering is set to close on February 6, 2024, with Gran Tierra anticipating net proceeds of approximately $88.3 million, after discounts, commissions, and expenses. The proceeds are intended for repaying amounts under Gran Tierra’s existing credit facility (which will then be terminated) and for general corporate purposes, including exploration, debt repayment, working capital, and potential acquisitions. 
    For more information on Gran Tierra Energy or other members of the PRISM Oil & Gas Index, which tracks small and micro-cap stocks contributing to the energy market, please visit https://prismmarketview.com/index/prism-emerging-oil-gas/

    Explore the Latest Oil and Gas Stock Index | Prism MarketView

    The PRISM Emerging Oil and Gas Index tracks small and micro-cap stocks that are contributing to the energy market. Oil and gas prices offer important insights i

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    ABOUT GRAN TIERRA ENERGY INC.
    Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company currently focused on international oil and natural gas exploration and production with assets currently in Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Colombia and Ecuador and will continue to pursue additional growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE.
    PRISM MarketView does not provide investment advice.
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