Gran Tierra amends and extends credit agreement, edits interest rate

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – Gran Tierra Energy Inc. entered into an 11th amendment to its credit agreement on Thursday with Bank of Nova Scotia as administrative agent, according to an 8-K filed with the Securities and Exchange Commission.

The amendment extends the revolving credit maturity to Nov. 10, 2021 from Nov. 10, 2020 and amends the interest rate to Libor plus a spread of 165 basis points to 365 bps, depending on the company’s senior secured leverage ratio.

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

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