Gran Tierra Energy Boosts Acquisition Funds

Gran Tierra Energy (GTE) has released an update.

Gran Tierra Energy Inc. has successfully closed an offering of an additional $150 million in Senior Secured Amortizing Notes, aiming to support the acquisition of i3 Energy plc and other corporate activities. These notes, due in 2029, are guaranteed by Gran Tierra’s subsidiaries and carry the same terms as previous issuances. The funds will primarily facilitate the cash consideration for i3 Energy shares, with the remainder allocated to general corporate purposes, potentially including exploration, debt repayment, working capital, or further acquisitions.

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