Past year: ▲ 202%(3.43 – 10.37 USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Aug 2026material agreement▲ GoodMajor
Gran Tierra agreed to sell its entire Colombia and Ecuador business - the core of the company since its founding - to French E&P company Etablissements Maurel & Prom for $1.33 billion in cash, assumed debt and a deferred note; the buyer will assume Gran Tierra's outstanding notes and redeem its 2027 notes at closing, after which Gran Tierra will operate only its Canada and Azerbaijan assets.
6 Mar 2026debt financing● Neutral
A small follow-on exchange wrapped up the note swap, adding $11.7 million more to the new 2031 notes for a total of $503.6 million outstanding.
20 Feb 2026debt financing▲ GoodMajor
Gran Tierra reduced its note principal outstanding: exchanging $617.0 million of its 9.5% 2029 notes for $487.6 million of new 9.75% 2031 notes plus $125 million cash - a roughly $129 million cut in notes outstanding, extending maturity two years, though the cash portion was itself funded by drawing the Trafigura oil-prepayment facility.
18 Feb 2026debt financing● NeutralMajor
Gran Tierra terminated its year-old revolving credit facility and instead expanded its Trafigura crude-prepayment arrangement - adding up to $200 million more, now spanning both Colombian and Ecuadorian production - to fund a new exchange or tender offer for its 2029 notes.
29 Oct 2025debt financing● NeutralMajor
Gran Tierra arranged a crude-oil prepayment financing with Trafigura secured against its Ecuador (Oriente) production - up to $200 million advanced against future oil deliveries over four years - to repay its revolver, buy back notes, and fund Ecuador capital spending.
18 Apr 2025debt financing▲ Good
The company entered a new $75 million reserve-based revolving credit facility, maturing 2028, secured by its Colombian subsidiary's assets.
19 Sept 2024debt financing● NeutralMajor
Gran Tierra tapped another $150 million of its 9.5% 2029 notes specifically to fund the cash portion of the pending i3 Energy acquisition.
20 Aug 2024debt financing▲ GoodMajor
Gran Tierra agreed to acquire UK-listed i3 Energy plc - and its Canadian oil and gas assets - in a cash-and-stock scheme of arrangement worth roughly 13.92 pence per i3 Energy share, lining up a new Trafigura term loan to help fund the deal.
12 Feb 2024material agreement termination▲ Good
Using those note proceeds, Gran Tierra fully repaid and terminated its Trafigura credit facility with no early-termination penalties.
6 Feb 2024debt financing● Neutral
The company tapped an additional $100 million of its 9.5% 2029 notes, earmarking the proceeds to repay and retire its Trafigura credit facility.
24 Oct 2023debt financing▼ BadMajor
Gran Tierra closed its debt exchange, swapping $247.1 million of 6.25% notes due 2025 and $275.8 million of 7.75% notes due 2027 for $487.6 million of new 9.5% senior secured notes due 2029 - extending maturities and adding collateral, but at a substantially higher interest cost.
19 Sept 2023debt financing● NeutralMajor
Gran Tierra scaled back and shortened its Trafigura credit facility (to $50 million, available through year-end) while launching an exchange offer to swap its existing 2025 and 2027 notes for new 2029 notes, planning to draw the Trafigura facility to help fund the cash portion.
23 Aug 2022debt financing● NeutralMajor
Gran Tierra lined up a new secured credit facility with commodities trader Trafigura - $100 million initially (expandable to $150 million), secured by its Colombian assets, at 6.00%+ interest.
12 July 2022material agreement termination▲ GoodMajor
Gran Tierra terminated its long-running Bank of Nova Scotia-led credit facility (originally from 2015) after paying it off in full in June 2022 with no early-termination penalties, becoming debt-free on that facility ahead of replacing it with a smaller one.
