Gran Tierra Energy Inc. said its exchange offer for its 9.500% senior secured amortizing notes due 2029 has expired, with $648.457 million, or about 90.52%, of the outstanding notes tendered. The company accepted $628.701 million of notes for exchange and expects to issue about $503.570 million of new 9.750% senior secured amortizing notes due 2031 at final settlement on March 2, 2026, leaving about $87.639 million of the 2029 notes outstanding. Gran Tierra said it will not receive cash proceeds from the transaction and the exchanged notes will be cancelled.
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