Gran Tierra Energy Inc. Announces Closing of $300 Million 7.750% Senior Notes Offering
May 23 2019 - 5:15PM
Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE
American:GTE)(TSX:GTE)(LSE:GTE) today announced that it
has completed its previously announced offering of $300 million
aggregate principal amount of 7.750% Senior Notes due 2027 (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 exclusively 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” 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, 2018, as amended, 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
+1-403-265-3221info@grantierra.com
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