The 9.5% senior notes are due 2029

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A / Regulation S offering by Gran Tierra Energy Inc. (GTE) of $150 million aggregate principal amount of its 9.50% senior secured amortizing notes due 2029. The notes are unconditionally guaranteed by certain subsidiaries of GTE organized under the laws of Switzerland and are secured by the equity interests of the Swiss guarantors. The notes offered are a reopening of the $588 million of 9.50% senior secured amortizing notes due 2029 issued by Gran Tierra Energy Inc. on October 20, 2023, and February 6, 2024.

Headquartered in Calgary, Alberta, Canada, Gran Tierra Energy Inc. is an international exploration and production company focused on international oil and gas exploration and production with assets currently in Colombia and Ecuador.

The Davis Polk capital markets team included partners Pedro J. Bermeo and Stephen A. Byeff and associates Robert MacKenzie, Fei Deng and Wenyi Xu. Partner Lucy W. Farr and associates Dmitry Dobrovolskiy, Georgianna Eck and Kelsey Nelson provided tax advice. The environmental team included counsel David A. Zilberberg. All members of the Davis Polk team are based in the New York office.

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