Business
Gran Tierra Energy Inc. Announces Amendment of the Previously Announced Exchange Offer of Certain Existing Notes for New Notes and the Solicitation of Consents to Proposed Amendments to the Existing Indenture
CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the amendment of its previously announced offer to Eligible Holders (as defined herein) to exchange (such offer, the “Exchange Offer”) any and all of the Company’s outstanding 9.500% Senior Notes due 2029 (CUSIP: 38500T AC5 / U37016 AC3; ISIN: US38500TAC53 / USU37016AC37) (the “Existing Notes”) for newly issued 9.750% Senior Secured Am
About this update from Gran Tierra Energy Inc.
[{"type":"image","alt":"Gran Tierra Energy Inc.","displaySize":"","headline":null,"caption":"Gran Tierra Energy Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":286,"height":92,"url":"https://media.zenfs.com/en/globenewswire.com/d6d0c5a6377dc8d25147194f29b2a5b6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6XM.3Hq_eqdFCkNM.oNt4A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/d6d0c5a6377dc8d25147194f29b2a5b6","width":286,"height":92}},"lazy":false},{"type":"text","content":"CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the amendment of its previously announced offer to Eligible Holders (as defined herein) to exchange (such offer, the “Exchange Offer”) any and all of the Company’s outstanding 9.500% Senior Notes due 2029 (CUSIP: 38500T AC5 / U37016 AC3; ISIN: US38500TAC53 / USU37016AC37) (the “Existing Notes”) for newly issued 9.750% Senior Secured Amortizing Notes due 2031 (the “New Notes”), pursuant to the terms and subject to the conditions set forth in the exchange offer memorandum and consent solicitation statement, dated January 29, 2026 (the “Exchange Offer Memorandum”). Any capitalized terms used in this press release without definition have the respective meanings assigned to such terms in the Exchange Offer Memorandum.","length":900,"tagName":"p"},{"type":"text","content":"The Company is amending the Exchange Offer to (i) modify the terms of the Cash Consideration (as described below), (ii) increase the coupon rate of the New Notes to 9.750%, (iii) include an amortization schedule for the New Notes, (iv) add a new guarantor and collateral, and (v) modify certain covenants of the New Notes, all as described in further detail in the Supplement to the Exchange Offer Memorandum, dated as of February 5, 2026 (the “Supplement”).","length":488,"tagName":"p"},{"type":"text","content":"As previously announced, simultaneously with the Exchange Offer, the Company is conducting a solicitation (the “Solicitation”) of consents (the “Consents”) from Eligible Holders of Existing Notes to effect certain proposed amendments (the “Proposed Amendments”) to the indenture dated as of October 20, 2023, under which the Exis...