GRAN TIERRA ENERGY INC. (NASDAQ:GTE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
| Entry into a Material Definitive Agreement. |
On November 16, 2016, Gran Tierra Energy Inc. (the Company), Gran
Tierra Energy International Holdings Ltd., as borrower, the Bank
of Nova Scotia, Societe Generale, as administrative agent, and
the lenders party thereto entered into the Fourth Amendment to
the Credit Agreement (the Fourth Amendment). The Fourth Amendment
amends the Credit Agreement, dated as of September 19, 2015, by
and among the Company, Gran Tierra Energy International Holdings
Ltd., the Bank of Nova Scotia, Societe Generale and the lenders
party thereto (as amended, the Credit Agreement). The Fourth
Amendment, among other things, increases the borrowing base
thereunder from $185 million, with $160 million readily available
and $25 million subject to the consent of all lenders, to $250
million readily available. Concurrent with the effectiveness of
the Fourth Amendment, the Company repaid its bridge loan facility
in full using available borrowing capacity under the Companys
Credit Agreement.
From time to time, the agents, arrangers, book runners and
lenders under the Credit Agreement and their affiliates have
provided, and may provide in the future, investment banking,
commercial lending, hedging and financial advisory services to
the Company and its affiliates in the ordinary course of
business, for which they have received, or may in the future
receive, customary fees and commissions for these transactions.
| Item 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information provided under Item1.01 in this Current Report on
Form 8-K is incorporated by reference into this Item2.03.
About GRAN TIERRA ENERGY INC. (NASDAQ:GTE)
