Gran Tierra Energy amends, upsizes credit agreement to $300 million

By Tali Rackner

Minneapolis, May 19 – Gran Tierra Energy Inc. entered into a sixth amendment to its credit agreement on Wednesday with Bank of Nova Scotia as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increases the borrowing base to $300 million from $250 million and revises pricing for certain letters of credit.

The amendment will be effective as of June 1.

Gran Tierra is an oil and gas exploration and production company based in Calgary, Alta.

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