On October 24, 2025, Gran Tierra Energy Inc. (NYSE American: GTE) announced that its wholly‑owned subsidiary Gran Tierra Energy Colombia GmbH entered into a crude oil sale and purchase agreement and a related prepayment addendum, collectively referred to as the Oriente Crude Oil Agreements. The agreement provides for an initial advance of up to $150 million and a potential additional advance of up to $50 million, to be paid in scheduled deliveries of Ecuadorian Oriente crude oil.
In connection with the Oriente Crude Oil Agreements, Gran Tierra amended its Colombian credit facility. The amendment permits the company and the seller to execute the agreements, reduces the borrowing base under the credit agreement from $75 million to $60 million, and adjusts financial covenants to reflect the prepayment structure.
The prepayment arrangement and credit‑facility adjustment are designed to strengthen Gran Tierra’s balance sheet and enhance financial flexibility. By securing up to $200 million in advance cash, the company can better manage its debt maturity profile and support ongoing production and development activities across its Colombian, Ecuadorian, and Canadian assets.
This financing event represents a significant capital‑structure optimization for Gran Tierra, providing a robust liquidity buffer while maintaining the company’s ability to fund exploration and production initiatives. The move aligns with Gran Tierra’s broader strategy of debt reduction and capital discipline, positioning the company for continued operational execution and shareholder value creation.
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