Gran Tierra Energy Inc. Announces New $200 Million Prepayment and Marketing Agreement and Amendment to Reserve-Based Credit Facility
Gran Tierra Energy (NYSE American: GTE) announced on October 24, 2025 a crude oil sale and prepayment package for its Ecuadorian Oriente crude that provides an initial advance up to $150 million and an additional advance up to $50 million (aggregate up to $200 million). The advances will be satisfied by scheduled deliveries of Oriente crude and are intended to strengthen the company’s balance sheet and financial flexibility.
The company also amended its Colombian reserve-based credit facility, consenting to the prepayment agreements, reducing the borrowing base from $75 million to $60 million, and adjusting certain financial covenants to reflect the prepayment structure.
Gran Tierra Energy (NYSE American: GTE) ha annunciato il 24 ottobre 2025 una vendita di petrolio greggio e un pacchetto di anticipo/prepagamento per il suo crude Oriente ecuatoriano che prevede un anticipo iniziale fino a 150 milioni di dollari e un ulteriore anticipo fino a 50 milioni di dollari (in totale fino a 200 milioni di dollari). Gli anticipi saranno soddisfatti mediante consegne programmate di Oriente crude e sono destinati a rafforzare il bilancio della società e la flessibilità finanziaria.
La società ha anche modificato la propria linea di credito basata sulle riserve colombiane, acconsentendo agli accordi di prepagamento, riducendo la base di indebitamento da 75 milioni a 60 milioni, e adeguando alcuni covenant finanziari per riflettere la struttura di prepagamento.
Gran Tierra Energy (NYSE American: GTE) anunció el 24 de octubre de 2025 un paquete de venta de crudo y prepago para su crudo Oriente ecuatoriano que proporciona un avance inicial de hasta 150 millones de dólares y un avance adicional de hasta 50 millones de dólares (en conjunto hasta 200 millones de dólares). Los avances serán satisfechos mediante entregas programadas de Oriente crudo y están destinados a fortalecer el balance y la flexibilidad financiera de la empresa.
La compañía también enmendó su facilidad de crédito basada en reservas colombianas, aceptando los acuerdos de prepago, reduciendo la base de préstamos de 75 millones a 60 millones, y ajustando ciertos covenants financieros para reflejar la estructura de prepago.
Gran Tierra Energy (NYSE American: GTE)가 2025년 10월 24일 에 에콰도르 동쪽 Oriente 원유에 대한 원유 판매 및 선지급 패키지를 발표했으며, 최초 선지급 1억 5천만 달러까지와 추가 선지급 5천만 달러까지 제공하여(합계 최대 2억 달러) 제공됩니다. 이 선지급은 Oriente 원유의 예정된 납품으로 충당되며 회사의 재무상태표와 재무 유연성을 강화하기 위한 것입니다.
또한 이 회사는 콜롬비아 매장 재원 기반 신용시설을 수정했고, 선지급 합의에 동의하며 차입 한도를 7500만 달러에서 6000만 달러로 축소하고 선지급 구조를 반영하기 위해 특정 재무 약정을 조정했습니다.
Gran Tierra Energy (NYSE American : GTE) a annoncé le 24 octobre 2025 un paquet de vente de pétrole brut et de prépaiement pour son pétrole Oriente équatorien, offrant une avance initiale jusqu'à 150 millions de dollars et une avance supplémentaire jusqu'à 50 millions de dollars (au total jusqu'à 200 millions de dollars). Les avances seront remboursées par des livraisons prévues de pétrole Oriente et visent à renforcer le bilan et la flexibilité financière de l'entreprise.
La société a également modifié sa facilité de crédit basée sur les réserves colombiennes, donnant son accord sur les accords de prépaiement, en réduisant la base d'emprunt de 75 millions à 60 millions et en ajustant certains covenants financiers pour refléter la structure de prépaiement.
Gran Tierra Energy (NYSE American: GTE) gab am 24. Oktober 2025 einen Rohöl-Verkauf und ein Vorfinanzierungspaket für ihr ecuadorianisches Oriente-Rohöl bekannt, das eine anfängliche Vorauszahlung bis zu 150 Mio. USD und eine zusätzliche Vorauszahlung bis zu 50 Mio. USD vorsieht (zusammen bis zu 200 Mio. USD). Die Vorauszahlungen werden durch geplante Lieferungen von Oriente-Rohöl beglichen und sollen die Bilanz und die finanzielle Flexibilität des Unternehmens stärken.
Das Unternehmen hat auch seine kreditbasierte Reservefacilität in Kolumbien angepasst, den Vorfinanzierungsvereinbarungen zugestimmt, die Darlehensbasis von 75 Mio. USD auf 60 Mio. USD reduziert und bestimmte finanzielle Covenants angepasst, um die Vorfinanzierungsstruktur abzubilden.
Gran Tierra Energy (NYSE American: GTE) أعلنت في 24 أكتوبر 2025 عن حزمة بيع نفط خام ودفعة مقدمة للنفط Oriente الإكوادوري توفر مقدمة أولية حتى 150 مليون دولار و مقدمة إضافية حتى 50 مليون دولار (إجمالي حتى 200 مليون دولار). ستُسدَّد المقدمان من خلال التسليمات المجدولة من نفط Oriente وتهدف إلى تعزيز الميزانية العمومية والمرونة المالية للشركة.
كما عدّلت الشركة مرفق الائتمان المعتمد على الاحتياطات في كولومبيا، موافقة على اتفاقات الدفع المسبق، مخفضة قاعدة الاقتراض من 75 مليون دولار إلى 60 مليون دولار، ومع تعديل بعض التعهدات المالية لتعكس هيكل الدفع المسبق.
Gran Tierra Energy (NYSE American: GTE) 在2025年10月24日宣布为其厄瓜多尔 Oriente 原油提供一揽子原油销售与预付款安排，提供初始预付款最高1.5亿美元以及额外预付款最高5,000万美元（合计最高2亿美元）。这些预付款将通过按计划交付的 Oriente 原油来偿付，旨在增强公司资产负债表和财务灵活性。
公司还修改了其哥伦比亚基于储量的信贷便利，同意预付协议，将借款基础从7500万美元降至6000万美元，并调整某些财务 covenant 以反映预付款结构。
- Up to $200M in prepayment capacity for Oriente crude
- Proceeds intended to strengthen balance sheet and liquidity
- Credit amendment permits execution of the prepayment agreements
- Borrowing base reduced from $75M to $60M
- Financial covenants adjusted to accommodate the prepayment structure
Insights
Gran Tierra secures up to
The company will receive an initial advance of up to
Key dependencies and risks are explicit: the advances are tied to future crude deliveries and the Amendment’s covenant changes; the press release notes those items as potential material factors affecting cash flow and liquidity. Monitor the actual drawdown amounts (initial
CALGARY, Alberta, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has, through its wholly owned subsidiary Gran Tierra Energy Colombia GmbH, a Swiss limited liability company (the “Seller”), entered into a crude oil sale and purchase agreement and a related prepayment addendum (together, the “Oriente Crude Oil Agreements”).
Under the Oriente Crude Oil Agreements, the Seller will receive an initial advance in an aggregate amount not to exceed
In connection with the execution of the Oriente Crude Oil Agreements, Gran Tierra has further optimized its capital structure by amending its Colombian credit facility (the “Amendment”). The Amendment, among other things, consents to and permits the Seller and the Company to execute and perform the Oriente Crude Oil Agreements, reduces the borrowing base under the Credit Agreement from its then-current amount of
Ryan Ellson, Chief Financial Officer of Gran Tierra, commented today:
“The prepayment agreement we signed today enhances Gran Tierra’s financial flexibility and further strengthens our capital structure. Securing this agreement in this current market environment demonstrates the strong confidence our partners have in Gran Tierra’s operations and underscores our position as a premier operator in Ecuador and a reputable international producer. We remain fully committed to maintaining financial discipline and generating sustainable free cash flow through low decline and high netback production along with prudent capital allocation.”
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements about future events that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements other than statements of historical facts included in this press release, including those statements preceded by, followed by or that otherwise include the words “expect,” “anticipate,” “plan,” “can,” “will,” “should,” and “believes,” derivations thereof and similar terms identify forward-looking statements. The forward-looking statements contained in this press release reflect several material factors and expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, pricing and cost estimates (including with respect to commodity pricing and exchange rates), the general continuance of assumed operational, regulatory and industry conditions in Ecuador, and the ability of Gran Tierra to execute its business and operational plans in the manner currently planned.
Among the important factors that could cause our actual results to differ materially from the forward-looking statements in this press release include, but are not limited to the impact and benefits of the Amendment and the Oriente Crude Oil Agreements; the Company’s cash flows and liquidity; and those factors detailed from time to time in Gran Tierra’s periodic reports filed with the Securities and Exchange Commission, including, without limitation, under the caption “Risk Factors” in Gran Tierra’s Annual Report on Form 10-K for the year ended December 31, 2024 filed February 24, 2025 and its other filings with the SEC. These filings are available on the SEC website at http://www.sec.gov and on SEDAR+ at www.sedarplus.ca. All forward-looking statements are made as of the date of this press release and the fact that this press release remains available does not constitute a representation by Gran Tierra that Gran Tierra believes these forward-looking statements continue to be true as of any subsequent date. Gran Tierra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
ABOUT GRAN TIERRA ENERGY INC.
Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Except to the extent expressly stated otherwise, information on the Company’s website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221.
Gran Tierra’s filings with the U.S. Securities and Exchange Commission (the “SEC”) are available on the SEC website at http://www.sec.gov. The Company’s Canadian securities regulatory filings are available on SEDAR+ at http://www.sedarplus.ca and UK regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Information on the Company’s website does not constitute a part of this press release.
For investor and media inquiries please contact:
Gary Guidry
President & Chief Executive Officer
Ryan Ellson
Executive Vice President & Chief Financial Officer
+1-403-265-3221
info@grantierra.com
FAQ
What did Gran Tierra (GTE) announce on October 24, 2025 regarding prepayments?
How will Gran Tierra’s (GTE) prepayments be satisfied?
What change was made to Gran Tierra’s (GTE) Colombian credit facility on October 24, 2025?
How does the $200M prepayment affect Gran Tierra’s (GTE) balance sheet?
Will the credit amendment allow Gran Tierra (GTE) to perform the prepayment agreements?
