◆ NeutralGTE
Gran Tierra Energy Inc. Announces Consent Solicitation for Senior Secured Amortizing Notes due 2031
GlobeNewswire Inc.·
Gran Tierra Energy Inc. is conducting a consent solicitation from holders of its 9.750% Senior Secured Amortizing Notes due 2031 to approve amendments to the indenture related to its previously announced sale of Colombia and Ecuador operations to Maurel & Prom for $1.33 billion. The proposed amendments would enable the note assumption by the purchaser, update accounting standards, and classify certain acquisitions as permitted investments. Consenting noteholders will receive $2.50 per $1,000 in principal amount upon closing of the sale.
Read Full Article at GlobeNewswire Inc. →