Frontera Energy announces changes to previously announced cash tender offer

Frontera Energy (FECCF) announces the changes set forth below to the Company’s previously announced cash tender offer and consent solicitation of its outstanding 7.875% Senior Notes due 2028, made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as of May 9. As of May 30, 2025, Holders of U.S.$124,134,000 aggregate principal amount of the Notes had either tendered their Notes or provided their standalone Consents in the Offer and the Solicitation, as follows: Holders of.$73,266,000 aggregate principal amount of the Notes had tendered their Notes; and Holders of.$50,868,000 aggregate principal amount of the Notes had delivered their standalone Consents. Summary of the amendments to the Offer and Solicitation: The Maximum Tender Amount will be increased from $65M to $80M. The Consent Payment for consents validly delivered at or prior to 5:00 p.m, New York City time, on June 9 will be increased from $15.00 for each $1,000 principal amount of Notes to an aggregate amount of $8M, to be divided pro rata among all tendering and consenting Holders in the Offer and Solicitation in aggregate. Based on the percentage of the aggregate principal amount of Notes that are validly tendered pursuant to the Offer and in respect of which standalone Consents are delivered pursuant to the Solicitation, the pro rata Amended Consent Payment will be approximately between $20.70 and.$41.50 per $1,000 principal amount of Notes. The consideration for each $1,000 principal amount of Notes validly tendered at or prior to the Extended Early Tender Date and Consent Deadline, and accepted for purchase pursuant to the Offer, will be increased from $700.00 to $720.00. Additionally, the Amended Tender Consideration will be modified such that Holders that validly tender their Notes and deliver their Consents at or prior to the Extended Tender Date and Consent Deadline and whose Notes are accepted for purchase will receive both the Amended Tender Consideration and the Amended Consent Payment.