REG-Gran Tierra Energy Inc. Announces Consent Solicitation for Senior Secured Amortizing Notes due 2031
Gran Tierra Energy has launched a consent solicitation on its 9.750% Senior Secured Amortizing Notes due 2031, seeking indenture amendments needed to complete its previously announced sale of Gran Tierra Energy CI GmbH to Maurel & Prom Andina S.A.S. The amendments would release certain collateral, waive successor-issuer debt coverage tests, provide that the sale is not a change of control, and update GAAP and financial reporting covenants. The notes' interest rate, payment terms, and maturity remain unchanged, and they stay secured by a first-ranking pledge over Gran Tierra's Colombian subsidiaries.
Key figures
- Notes coupon
- 9.750%
- Notes maturity
- 2031
- Consent deadline
- 5:00 p.m. New York time, September 22, 2026
- Consent fee per 1000
- US$2.50
- Principal outstanding usd
- 479353000
- Requisite consents threshold
- 50%
AI analysis
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