Gran Tierra Energy Secures $150M with Senior Secured Amortizing Notes
Monday, 16 September 2024, 08:32
Gran Tierra Energy Prices Debt Offering
Gran Tierra Energy (GTE) has announced the pricing of its debt offering, amounting to $150 million in an aggregate principal of its previously issued 9.500% Senior Secured Amortizing Notes. This strategic move enhances GTE's financial positioning and supports its operational goals.
Key Details of the Offering
- Offering Amount: $150 million
- Note Type: Senior Secured Amortizing Notes
- Interest Rate: 9.500%
This issuance is integral for the company as it seeks to maintain liquidity and finance ongoing projects. The robust interest rate indicates a strong demand from the market, reflecting confidence in Gran Tierra's future prospects.
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