Gran Tierra Energy Closes $150 Million Senior Secured Notes Offering

The proceeds will finance the acquisition of i3 Energy plc and support general corporate purposes.

Gran Tierra Energy Inc. has completed an additional $150 million offering of 9.500% Senior Secured Amortizing Notes due 2029.
The Notes were issued in a private placement to qualified institutional buyers in the U.S. and non-U.S. persons under Regulation S.
The new Notes have the same terms as the previously issued $587.59 million aggregate principal amount of Senior Secured Amortizing Notes.
Proceeds from the offering will be used to finance the acquisition of i3 Energy plc, a public limited company in England and Wales.
Any remaining proceeds will support general corporate purposes, including exploration, development, and debt repayment.