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BRIEF-Gran Tierra Energy Announces Offer To Purchase All Of Its Issued And Outstanding 5.00% Convertible Senior Notes Due 2021

Published 2019-06-04, 06:38 p/m
© Reuters.  BRIEF-Gran Tierra Energy Announces Offer To Purchase All Of Its Issued And Outstanding 5.00% Convertible Senior Notes Due 2021
GTE
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June 4 (Reuters) - Gran Tierra Energy Inc GTE.TO :

* GRAN TIERRA ENERGY INC. ANNOUNCES OFFER TO PURCHASE ALL OF ITS ISSUED AND OUTSTANDING 5.00% CONVERTIBLE SENIOR NOTES DUE 2021

* GRAN TIERRA ENERGY INC. ANNOUNCES OFFER TO PURCHASE ALL OF ITS ISSUED AND OUTSTANDING 5.00% CONVERTIBLE SENIOR NOTES DUE 2021

* GRAN TIERRA ENERGY INC - PURCHASE PRICE UNDER OFFER IS US$1,075 IN CASH PER US$1,000 PRINCIPAL AMOUNT OF CONVERTIBLE NOTES

* GRAN TIERRA ENERGY INC - WILL OFFER TO PURCHASE FOR CANCELLATION 5.00% CONVERTIBLE SENIOR NOTES DUE 2021 (BEING US$115 MILLION AGGREGATE PRINCIPAL AMOUNT)

* GRAN TIERRA ENERGY INC - WILL FUND ANY PURCHASES OF CONVERTIBLE NOTES PURSUANT TO OFFER FROM AVAILABLE CASH ON HAND

* GRAN TIERRA ENERGY INC - OFFER WILL COMMENCE ON JUNE 6, 2019 AND EXPIRE AT 2:00 P.M. (CALGARY TIME) ON JULY 12, 2019, UNLESS EXTENDED

* GRAN TIERRA - SOME INSTITUTIONAL NOTEHOLDERS AGREED, PURSUANT TO LOCK-UP AGREEMENTS TO DEPOSIT ABOUT $61.2 MILLION AMOUNT OF CONVERTIBLE NOTES HELD BY THEM

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