11:40 AM EDT, 04/17/2025 (MT Newswires) -- (Updates shares.)

Gran Tierra Energy (GTE.TO, GTE) late on Wednesday said it has entered into a reserve-based lending facility through its subsidiary Gran Tierra Energy Colombia with commitments of up to US$75 million.

The new facility has a final maturity 36 months from the closing date. The commitments are redetermined annually starting May 1, 2026.

Interest is based on a term secured overnight financing rate plus a margin of 4.50% per annum.

Gran Tierra shares were last seen up $0.46 to $6.70 on the Toronto Stock Exchange.

Price: 6.70, Change: +0.46, Percent Change: +7.37

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