Gran Tierra to repay revolver borrowings via senior note offering

By Marisa Wong

Morgantown, W.Va., Feb. 1 – Gran Tierra Energy Inc. plans to repay the outstanding amounts borrowed under its revolving credit facility using proceeds from a note offering, according to an 8-K filing with the Securities and Exchange Commission.

The company announced on Thursday that it plans to offer senior notes due 2025 through indirect wholly owned subsidiary Gran Tierra Energy International Holdings Ltd.

Funds from the Rule 144A and Regulation S offering will also be used for general corporate purposes.

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

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