Gran Tierra Energy Inc. Announces Private Offering of Senior Notes due 2025
CALGARY, Alberta, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”)
(NYSE American:GTE) (NYSE MKT:GTE) (TSX:GTE), today announced that its
indirect, wholly-owned subsidiary, Gran Tierra Energy International
Holdings Ltd. (“GTEIH”), intends, subject to market and other conditions, to offer Senior Notes due 2025 (the “Notes”)
in a private placement to qualified institutional buyers in the United
States pursuant to Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”), to non-U.S. persons in
transactions outside the United States pursuant to Regulation S under
the Securities Act and pursuant to certain prospectus exemptions in
Canada.
The Notes will be fully and
unconditionally guaranteed by Gran Tierra and certain subsidiaries of
Gran Tierra that guarantee its revolving credit facility. The interest
rate, redemption prices and other terms of the Notes are to be
determined upon pricing of the offering. GTEIH intends to use the net
proceeds from the offering (i) to repay the outstanding amounts borrowed
under the revolving credit facility and (ii) for general corporate
purposes, which may include development capital.
This
press release is neither an offer to sell nor a solicitation of an
offer to buy the Notes, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to the registration or qualification under
the securities laws of any such state or jurisdiction.
The
Notes have not been registered under the Securities Act, or the
securities laws of any other jurisdiction, and may not be offered or
sold in the United States absent registration or an applicable exemption
from registration requirements. The offering is being made exclusively
to qualified institutional buyers in the United States pursuant to Rule
144A under the Securities Act, to non-U.S. persons in transactions
outside the United States pursuant to Regulation S under the Securities
Act and pursuant to certain prospectus exemptions in Canada.