Gran Tierra Energy Boosts Notes Offering for i3 Energy Acquisition

Gran Tierra Energy (GTE) has released an update.

Gran Tierra Energy Inc. has announced the pricing of an additional $150 million of its 9.500% Senior Secured Amortizing Notes due 2029, which will be consolidated with the company’s existing notes. The offering aims to generate approximately $136.0 million in net proceeds, primarily intended to fund the acquisition of i3 Energy plc and for general corporate purposes. These notes, guaranteed by certain subsidiaries, are targeting qualified institutional buyers in the United States, non-U.S. persons internationally, and certain Canadian investors under prospectus exemptions.

For further insights into GTE stock, check out TipRanks’ Stock Analysis page.