Gran Tierra Energy Inc. Announces Closing of $300 Million 6.25% Senior Notes Offering
February 15 2018 - 4:15PM
Gran Tierra Energy Inc. (“
Gran Tierra”) (NYSE
American:GTE) (NYSE MKT:GTE) (TSX:GTE), today announced that its
indirect, wholly-owned subsidiary, Gran Tierra Energy International
Holdings Ltd. (“
GTEIH”), has completed its
previously announced offering of $300 million aggregate principal
amount of 6.25% Senior Notes due 2025 (the
“
Notes”) 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.
This press release is neither an offer to sell
nor a solicitation of an offer to buy the Notes, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
The Notes have not been registered under the
Securities Act, or the securities laws of any other jurisdiction,
and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements. The offering is being made to qualified institutional
buyers in the United States pursuant to Rule 144A under 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.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements related to Gran Tierra’s expectations
regarding the use of proceeds of the proposed offering. Any
statements contained in this press release that are not statements
of historical fact may be deemed to be forward-looking statements.
Words such as “will,” “intends,” “estimates” and similar
expressions are intended to identify these forward-looking
statements. There are a number of important factors that could
cause Gran Tierra’s results to differ materially from those
indicated by these forward-looking statements. Additional risks and
uncertainties relating to Gran Tierra and its business can be found
under the heading “Risk Factors” in Gran Tierra’s filings with the
Securities and Exchange Commission, including its annual report on
Form 10-K for the year ended December 31, 2016 and its other
filings with the Securities and Exchange Commission. Unless
required by applicable law, Gran Tierra undertakes no obligation to
update or revise any such forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact Information
For investor and media inquiries please
contact:
Gary GuidryChief Executive Officer
Ryan EllsonChief Financial Officer
Rodger TrimbleVice President, Investor
Relations
403-265-3221info@grantierra.com
About Gran Tierra Energy
Inc.
Gran Tierra Energy Inc. together with its
subsidiaries is an independent international energy company focused
on oil and natural gas exploration and production in Colombia. The
Company continues to pursue new growth opportunities, leveraging
its financial strength. The Company’s common shares trade on the
NYSE American and the Toronto Stock Exchange under the ticker
symbol GTE.
Gran Tierra's Securities and Exchange Commission
filings are available on the Securities and Exchange Commission
website at http://www.sec.gov, and Gran Tierra’s reports filed with
the Canadian Securities Administrators are available on SEDAR at
http://www.sedar.com.
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