Gran Tierra Energy (GTE) has released an update.
Gran Tierra Energy Inc. has announced a private offering of additional 9.500% Senior Secured Amortizing Notes due 2029, aiming to raise funds for the acquisition of i3 Energy plc as well as for general corporate purposes. The new notes will be similar to the existing ones, except for the issue date and price, and are intended for qualified institutional buyers in the US and certain international investors. This strategic financial move is set to support the company’s growth and development initiatives.
For further insights into GTE stock, check out TipRanks’ Stock Analysis page.
