Gran Tierra Energy to price $100 million of five-year convertibles

By Rebecca Melvin

New York, March 30 – Gran Tierra Energy Inc. launched an offering of $100 million of five-year convertible senior notes Wednesday in a Rule 144A deal that is subject to acceptance of the Toronto Stock Exchange, according to a company news release.

There is a greenshoe for up to an additional $15 million of notes.

Proceeds from the sale will be used for general corporate purposes, including acquisitions and/or capital expenditures.

Gran Tierra is a Calgary, Alta.-based independent energy company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.