Gran Tierra gets $100 million three-year credit facility led by BNP

By Sara Rosenberg

New York, Aug. 5 - Gran Tierra Energy Inc. closed on a new $100 million three-year credit facility, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

BNP Paribas acted as the lead arranger, bookrunner and agent on the deal that was completed on July 30.

The initial borrowing base is $20 million.

Pricing on the facility is Libor plus 350 basis points.

Gran Tierra is a Calgary, Alta.-based energy company.

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