Current Report Filing (8-k)
February 16 2018 - 4:08PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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 15, 2018
GRAN TIERRA ENERGY INC.
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(Exact Name of Registrant as Specified in its Charter)
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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
(Address of Principal Executive Offices)
(Zip Code)
(403) 265-3221
(Registrant’s Telephone Number,
Including Area Code)
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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¨
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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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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¨
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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.
¨
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Item 1.01
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Entry into a Material Definitive Agreement
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On February 15, 2018, Gran Tierra Energy
International Holdings Ltd. (“
GTEIH
”), an indirect, wholly-owned subsidiary of Gran Tierra Energy Inc. (“
Gran
Tierra
”), completed the offering and sale (the “
Offering
”) of $300 million aggregate principal amount
of its 6.25% Senior Notes due 2025 (the “
Notes
”) guaranteed on a senior unsecured basis by the Company and certain
subsidiaries of Gran Tierra that guarantee its revolving credit facility (together with Gran Tierra, the “
Guarantors
”).
The Notes are governed by an indenture
(the “
Indenture
”), dated as of February 15, 2018, among GTEIH, the Guarantors and U.S. Bank National Association,
as trustee.
The Notes bear interest at a rate of 6.25%
per year, payable semi-annually in arrears on each of February 15 and August 15 of each year, beginning on August 15, 2018. The
Notes mature on February 15, 2025, unless earlier redeemed or repurchased. GTEIH may not redeem the Notes prior to February 15,
2022, except in certain circumstances following change of control (as defined in the Indenture), and no sinking fund is provided
for the Notes.
If Gran Tierra undergoes a change of control,
holders of the Notes may require GTEIH to repurchase for cash all or any portion of their Notes at a change of control repurchase
price equal to 101% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding,
the change of control repurchase date.
The foregoing description of the Indenture
and Notes does not purport to be complete and is qualified in its entirety by reference to the full text of the Indenture and the
form of Note, copies of which are attached hereto as Exhibit 4.1 and 4.2, respectively, and incorporated in this Item 1.01 by reference.
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
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The information regarding
the Indenture and the Notes set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated in this Item 2.03
by reference.
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Item
8.01
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Other Information
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On February 15, 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 closing 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.
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Item 9.01
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Financial Statements and Exhibits.
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(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 16, 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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