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Gran Tierra Energy (NYSE:GTE) (TSX:GTE:CA) said on Thursday that the oil and gas exploration and production company intends to offer an additional amount of its previously-issued 9.500% senior secured amortizing notes due 2029 in a private placement to institutional buyers. The company said it currently has outstanding $487.6M aggregate principal amount of the 9.500% notes. The new notes will have the same terms and provisions as the original notes, except for the issue date and the issue price. The notes will be guaranteed by certain subsidiaries of Gran Tierra. The net proceeds are intended to be used to repay outstanding amounts borrowed under its existing credit facility, and any remaining net proceeds for general corporate purposes, repayment of other indebtedness, working capital and/or acquisitions. Source: Press Release