Gran Tierra Energy Inc. (CDI) (GTE): October 2026 notes amortization
This situation live
GTE Gran Tierra Energy Inc. (CDI)
24 Oct 2025 · Agreement signed; $150M initial advance · +0% until the next step
These advances will be satisfied by scheduled deliveries of the Seller’s Ecuadorian Oriente crude oil production.
30 Oct 2025 · Executed; $150M initial advance plus $50M · +11% until the next step
Executed Oriente Crude Oil Agreements providing for an initial advance of up to $150 million and an additional $50 million, to be repaid through scheduled deliveries of Ecuadorian Oriente crude oil; p
10 Dec 2025 · Planned from free cash flow and facilities · +107% until the next step
Based on our 2026 budget, we see a clear path to fully addressing the $180 million amortization of our 2029 notes due in October 2026 while continuing to optimize long-term value of our asset portfoli
5 Aug 2026 · To be assumed by Maurel & Prom · +7% until the next step
receipt of the requisite consents from certain creditors and the prepayment buyers under the Prepayment Agreement to the assumption of, and release of the Company from, the 2031 Notes and the Prepayme
22 Sep 2026 · 2031 Notes consent obtained · +3% until the next step
The Supplemental Indenture became effective immediately upon execution but will only become operative on the closing date of the Sale, at which time it will be binding on all holders of the Notes, inc
9 Oct 2026 · 2031 Notes consent in hand; sale closing pending · +12% since
With stockholder approval and the requisite consents of the holders of the Company’s 9.750% Senior Secured Amortizing Notes due 2031 now obtained
October 2026 notes amortization
2031 Notes consent in hand; sale closing pending
DEC31
Next: Closing of the Sale, when the 2031 Notes amendments take effect in 68 days
Every step · 6
- 24 Oct 2025 Agreement signed; $150M initial advance – These advances will be satisfied by scheduled deliveries of the Seller’s Ecuadorian Oriente crude oil production. ↗
- 30 Oct 2025 Executed; $150M initial advance plus $50M – Executed Oriente Crude Oil Agreements providing for an initial advance of up to $150 million and an additional $50 million, to be repaid through scheduled... ↗
- 10 Dec 2025 Planned from free cash flow and facilities – Based on our 2026 budget, we see a clear path to fully addressing the $180 million amortization of our 2029 notes due in October 2026 while continuing to... ↗
- 5 Aug 2026 To be assumed by Maurel & Prom – receipt of the requisite consents from certain creditors and the prepayment buyers under the Prepayment Agreement to the assumption of, and release of the... ↗
- 22 Sep 2026 2031 Notes consent obtained – The Supplemental Indenture became effective immediately upon execution but will only become operative on the closing date of the Sale, at which time it will... ↗
- 9 Oct 2026 2031 Notes consent in hand; sale closing pending – With stockholder approval and the requisite consents of the holders of the Company’s 9.750% Senior Secured Amortizing Notes due 2031 now obtained ↗
What is happening
Gran Tierra Energy Inc. (CDI): October 2026 notes amortization – 2031 Notes consent in hand; sale closing pending. ['2031 Notes consent in hand; sale closing pending']
- In short
- The sale agreement of 5 Aug 2026 provides for the purchaser to assume the 2029 and 2031 notes and for Gran Tierra to redeem the 2027 Notes from proceeds. The 2031 Notes consent was obtained on 22 Sep 2026. On 9 Oct 2026 stockholders approved the sale; closing is targeted around 31 Dec 2026.
- Announced
- 24 Oct 2025 · Agreement signed; $150M initial advance
- Latest
- 9 Oct 2026 · 2031 Notes consent in hand; sale closing pending
- Notes assumed
- 2031 Notes and 2029 Notes assumed by purchaser
- Notes redeemed
- 2027 Notes redeemed by company from proceeds
- 2031 Notes consent
- At least 50% of principal consented; effective 22 Sep 2026, operative at closing
- 2031 consent
- Requisite holder consents obtained, as confirmed 9 Oct 2026
- Closing
- Targeted on or about 31 Dec 2026
What comes next
Closing of the Sale, when the 2031 Notes amendments take effect (31 Dec 2026).
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Gran Tierra Energy Inc. (CDI) – company page →