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Gran Tierra terminates exchange offer, consent bid for two series
Chicago, June 21 – Gran Tierra Energy Inc. announced the termination of its exchange offers for two series of notes and solicitations for proposed amendments to the existing indentures, according to a press release on Tuesday evening.
The company was offering to exchange the $300 million outstanding 6¼% senior notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (Cusips: 38502HAA3, G4066TAA0) and any and all of the $300 million outstanding 7¾% senior notes due 2027 (Cusips: 38502JAA9, U37016AA7) issued by Gran Tierra Energy.
The offer was to exchange the existing notes for new 8¾% senior secured amortizing notes due 2029.
No notes tendered in the exchange will be accepted and will be returned to the tendering noteholders.
The existing notes will remain outstanding and subject to the terms of the existing indentures, as the consent solicitation has also been canceled.
The agent was D.F. King & Co., Inc. (800 967-0261, 212 269-5550, www.dfking.com/gte, gte@dfking.com).
Gran Tierra Energy is an oil and natural gas exploration and production company based in Calgary, Alta.
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