GRAN TIERRA ENERGY INC. (TSE:GTE) Files An 8-K Entry into a Material Definitive Agreement

GRAN TIERRA ENERGY INC. (TSE:GTE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

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On September 18, 2017, Gran Tierra Energy Inc. (the “Company”), Gran Tierra Energy International Holdings Ltd. (an indirect wholly-owned subsidiary of the Company), as borrower, the Bank of Nova Scotia, as administrative agent, and the lenders party thereto entered into the Eighth Amendment to the Credit Agreement (the “Eighth Amendment”). The Eighth Amendment amends the Credit Agreement, dated as of September 18, 2015, by and among the Company, Gran Tierra Energy International Holdings Ltd., the Bank of Nova Scotia, and the lenders party thereto (as subsequently amended under the First, Second, Third, Fourth, Fifth, Sixth, Seventh and Eighth Amendments to the Credit Agreement, the “Credit Agreement”). The Eighth Amendment is effective as of September 18, 2017 and, among other things, (i) extends the revolving credit maturity date from September 18, 2018 to October 1, 2018, and (ii) excludes certain subsidiaries of the Company which were acquired by the Company in an acquisition that closed on August 23, 2016 from certain of the covenants, representations and warranties and events of default in the Credit Agreement in order to facilitate the reorganization and windup of those subsidiaries and the transfer of assets of such subsidiaries to other subsidiaries of the Company.

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.

The foregoing description of the Eighth Amendment is not complete and is qualified by reference to the full text of the Eighth Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.


EX-10.1 2 v475572_ex10-1.htm EXHIBIT 10.1   Exhibit 10.1   Execution Version     EIGHTH AMENDMENT TO CREDIT AGREEMENT   This Eighth Amendment to Credit Agreement (this “Amendment”) is entered into effective as of the 18th day of September,…
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Gran Tierra Energy Inc. is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization. It operates principally in the Putumayo Basin in Colombia, and has properties in other basins, including the Catatumbo, Cauca, Llanos, Sinu-San Jacinto, Middle Magdalena and Lower Magdalena Basins. It has interests in over 30 blocks in Colombia and it is the operator on over 20 of these blocks. Its blocks and fields include Chaza-Costayaco and Moqueta Fields, Guayuyaco-Guayuyaco and Juanambu Fields, Garibay-Jilguero Field and over 11 Other Blocks. Blocks REC-T-129, REC-T-142, REC-T-155 and REC-T-224 are located over 70 kilometers northeast of Salvador, Brazil in the Reconcavo Basin. Its blocks in Peru include Block 123, Block 129, Block 107 and Block 133.

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