Gran Tierra Energy Secures $200 Million Crude Oil Prepayment Agreement
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Gran Tierra Energy Inc. has secured a $200 million crude oil prepayment agreement through its subsidiary, Gran Tierra Energy Colombia GmbH. The agreement includes an initial advance of up to $150 million, with a potential additional $50 million, to be repaid via scheduled deliveries of Ecuadorian Oriente crude oil. The funds will enhance the company's balance sheet and financial flexibility. Additionally, Gran Tierra amended its Colombian credit facility, reducing the borrowing base from $75 million to $60 million to accommodate the prepayment structure.
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