Gran Tierra Energy Inc. - 2016-04-06

Description

Completed its offering of 5.0% convertible senior notes due 2021 in a private placement. Initial purchasers can purchase C$15 million additional convertible notes. The net proceeds from the offering were about $95.4 million. They will support general corporate purposes including acquisitions and capex. The notes will pay semiannual interest and will mature on April 1, 2021. They will be able to convert into common shares at about $32.21 per share.

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Estimated Price
CA$100.0MM
Financing Type
Report Date