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Published on 9/19/2023 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Fitch gives Gran Tierra notes B

Fitch Ratings said it assigned B/RR4 ratings to Gran Tierra Energy Inc.'s planned issuance of up to $540 million of amortizing senior secured notes due in 2029.

The agency affirmed Gran Tierra’s B ratings on June 15.

The proceeds will be used to exchange for the outstanding 6¼% senior unsecured notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. and 7¾% senior unsecured notes due 2027 issued by Gran Tierra Energy.

The outlook is stable.


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