May 13, 2019 |
Gran Tierra Energy intends to sell $300m in cross-border bonds to refinance a recent acquisition in Colombia and make other debt payments.
The Canadian oil company will meet investors in Los Angeles, New York, London, Boston and Switzerland before it expects to price an eight-year bond on May 15, said a debt capital markets banker on the deal.
Bank of America and Credit Suisse are the bookrunners. Fitch gives the bonds a B+.
The banker said the bookrunners will use Gran Tierra's 2025s, which
Canadian O&G company wants to raise $300m to pay for Suroriente and more