Gran Tierra Energy sets roadshow for offer of seven-year notes

By Paul A. Harris

Portland, Ore., Feb. 1 – Gran Tierra Energy Inc. plans to start a two-team roadshow on Monday for a dollar-denominated offering of seven-year senior notes (expected ratings S&P: B+/Fitch: B+), depending on market conditions, according to market sources.

Initial indications have the company coming with a deal sized at $300 million, a source said.

The roadshow includes meetings in Switzerland, Toronto and New York on Monday, London and New York on Tuesday, and Boston and Los Angeles on Wednesday.

Credit Suisse Securities (USA) LLC and RBC Capital Markets LLC are joint global coordinators and joint bookrunners for the Rule 144A and Regulation S offer. Scotia Capital is also a joint bookrunner.

The notes will come with four years of call protection.

The prospective issuer is a Calgary, Alta.-based oil and gas exploration and production company.

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