Gran Tierra Energy Inc. Announces Consent Solicitation for Senior Secured Amortizing Notes due 2031

Gran Tierra Energy (GTE) seeks consent from noteholders to amend its $479.4M 9.750% Senior Secured Amortizing Notes due 2031. The changes support a previously announced asset sale, allowing the purchaser to assume obligations, release collateral, and update financial reporting standards. Noteholders may receive a $2.50 consent fee per $1,000 principal if amendments are approved by September 22, 2026.

Gran Tierra Energy (GTE) agreed to sell its Colombia and Ecuador oil business to Maurel & Prom for $1.33 billion. The deal includes the assumption of liabilities, leaving Gran Tierra debt-free with $250 million in cash. The company plans to return capital to shareholders and focus on growth in Canada and Azerbaijan. The transaction values the divested business at $1.33 billion and is expected to close by December 31, 2026.

Gran Tierra Energy (GTE) seeks approval to sell its Colombia and Ecuador assets for $1.33B to Maurel & Prom Andina. The deal includes cash, debt assumption, and a note. GTE plans to use proceeds to reduce debt and invest in Canada and Azerbaijan. Completion requires stockholder and regulatory approvals. The board recommends voting for the sale, citing a fairness opinion from BofA Securities.

Gran Tierra Energy, a Canadian energy producer, sold its South American oil and gas assets in Colombia and Ecuador to French company Maurel & Prom for US$1.33 billion. Law firms Bracewell LLP and Posse Herrera Ruiz advised on the deal. This transaction may impact Gran Tierra's financials and strategic direction.

Maurel & Prom signed a definitive share purchase agreement to buy Gran Tierra Energy CI GmbH, a wholly owned unit of Gran Tierra Energy, which holds Gran Tierra’s assets and operations in Colombia and Ecuador. Terms were not disclosed. Maurel & Prom said the deal supports its growth strategy by combining existing production with development, appraisal, and exploration opportunities.

An investor group affiliated with EPIM amended a Schedule 13D for Gran Tierra Energy (NYSE: GTE). According to the filing, it used about $25.5 million to buy shares and now beneficially owns 4,781,471 shares, about 13.5% of 35,380,429 shares outstanding. The filing notes board changes involving Brad Virbitsky and possible future position adjustments.