Current Report Filing (8-k)
February 09 2018 - 4:09PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): February 8, 2018
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GRAN TIERRA ENERGY INC.
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(Exact Name of Registrant as Specified in its Charter)
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____________________
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Delaware
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001-34018
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98-0479924
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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Suite 900, 520-3 Avenue SW
Calgary, Alberta, Canada
T2P 0R3
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(Address of Principal Executive Offices)
(Zip Code)
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(403) 265-3221
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(Registrant’s Telephone Number, Including Area Code)
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____________________
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
¨
Item 1.01 Entry into a Material Definitive
Agreement
On February 8, 2018, Gran Tierra Energy
Inc. (“
Gran Tierra
”), its indirect, wholly-owned subsidiary, Gran Tierra Energy International Holdings Ltd.
(“
GTEIH
”), and certain subsidiaries of Gran Tierra that guarantee its revolving credit facility (together with
Gran Tierra, the “
Guarantors
”) entered into a purchase agreement (the “
Purchase Agreement
”),
with several initial purchasers listed therein, relating to the sale by GTEIH of $300 million aggregate principal amount of GTEIH’s
6.25% Senior Notes due 2025 (the “
Notes
”) to be guaranteed on a senior unsecured basis by the Guarantors (the
“
Offering
”).
The Notes are being issued in a private
placement to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended
(the “
Securities Act
”), to non-U.S. persons in transactions outside the United States pursuant to Regulation
S under the Securities Act and pursuant to certain prospectus exemptions in Canada. Subject to customary closing conditions, the
sale of the Notes is expected to close on February 15, 2018.
The Purchase Agreement contains customary
representations, warranties and agreements by GTEIH and the Guarantors. In addition, GTEIH and the Guarantors have agreed to indemnify
the initial purchasers against certain liabilities, including liabilities under the Securities Act, or to contribute to payments
the initial purchasers may be required to make in respect of those liabilities.
GTEIH intends to use the net proceeds from
the Offering (i) to repay the outstanding amounts borrowed under the revolving credit facility and (ii) for general corporate purposes,
which may include development capital.
In the ordinary course of their respective
businesses, the initial purchasers and certain of their respective affiliates have in the past and may in the future engage in
investment banking or other transactions of a financial nature with Gran Tierra, including the provision of certain advisory services
and the making of loans to Gran Tierra and its affiliates, for which they have received customary compensation. Certain of the
initial purchasers are a direct or indirect wholly-owned subsidiary of, or have a significant shareholder who is a lender under
the revolving credit facility. As a result, such entities will receive a portion of the net proceeds from the Offering to the extent
GTEIH uses the net proceeds to repay borrowings outstanding under the revolving credit facility. Further, the mentioned initial
purchasers will receive a fee in connection with the distribution of the Notes.
The foregoing description of the Purchase
Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, which is attached
hereto as Exhibit 10.1 and incorporated herein by reference.
Item 8.01 Other Information
On February 8, 2018, Gran Tierra issued
a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing the pricing
of the Offering.
This announcement shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which
the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such
state. The Notes will not be registered under the Securities Act of 1933 or any state securities law and may not be offered or
sold in the United States absent registration or an applicable exemption from registration under the Securities Act of 1933 and
applicable state securities laws.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: February 9, 2018
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GRAN TIERRA ENERGY INC.
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By:
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/s/ Gary
S. Guidry
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Name:
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Gary S. Guidry
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Title:
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President & Chief Executive Officer
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