Gran Tierra Energy Secures $200 Million Crude Oil Prepayment Agreement

Reuters10-24

<a href="https://laohu8.com/S/GTE">Gran Tierra Energy</a> Secures $200 Million Crude Oil Prepayment Agreement

Gran Tierra Energy Inc. has announced the execution of a new crude oil sale and purchase agreement, along with a related prepayment addendum, through its wholly owned subsidiary Gran Tierra Energy Colombia GmbH. Under the terms of the Oriente Crude Oil Agreements, the company will receive an initial advance of up to $150 million, with the potential for an additional $50 million, subject to certain conditions. These advances will be repaid through scheduled deliveries of Ecuadorian Oriente crude oil. The proceeds from the agreement will be used to strengthen the company's balance sheet and enhance financial flexibility. In conjunction with this agreement, Gran Tierra also amended its Colombian credit facility, reducing the borrowing base from $75 million to $60 million and adjusting financial covenants to accommodate the prepayment structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gran Tierra Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9551615-en) on October 24, 2025, and is solely responsible for the information contained therein.

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