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Gran Tierra Energy Soars 10.22% on New Credit Facility
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 17, 2025 8:20 am ET1min read
On April 17, 2025, Gran Tierra Energy's stock surged by 10.22% in pre-market trading, marking a significant rise that caught the attention of investors and analysts alike.
Gran Tierra Energy recently announced the successful closure of a new credit facility worth US$75 million. This financial move is expected to enhance the company's liquidity and underscore the strength and resilience of its business operations. The facility includes a commitment of US$75 million, with interest based on a Term Secured Overnight Financing Rate plus a 4.50% margin, and offers flexible repayment terms. This new credit line is set to be redetermined annually, beginning on May 1, 2026, providing
with a stable financial foundation for future growth and development.
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