Washington, D.C. 20549





Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): November 10, 2017



(Exact name of Registrant as specified in its charter)


Delaware 98-0479924
(State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.)


Commission file number: 001-34018


900, 520 - 3 Avenue SW

Calgary, Alberta Canada T2P 0R3

(Address of principal executive offices and zip code)


Registrant's telephone number, including area code: (403) 265-3221


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     o







Item 1.01Entry into a Material Definitive Agreement.


On November 10, 2017, Gran Tierra Energy Inc. (the “Company”), Gran Tierra Energy International Holdings Ltd. (an indirect wholly-owned subsidiary of the Company), as borrower, the Bank of Nova Scotia, as administrative agent, and the lenders party thereto entered into the Ninth Amendment to the Credit Agreement (the “Ninth Amendment”). The Ninth Amendment amends the Credit Agreement, dated as of September 18, 2015, by and among the Company, Gran Tierra Energy International Holdings Ltd., the Bank of Nova Scotia, and the lenders party thereto (as subsequently amended under the First, Second, Third, Fourth, Fifth, Sixth, Seventh, Eighth and Ninth Amendments to the Credit Agreement, the “Credit Agreement”). The Ninth Amendment, among other things, (i) extends the revolving credit maturity date from October 1, 2018 to November 10, 2020, (ii) reaffirms the Borrowing Base as $300,000,000 and (iii) amends the interest rate to either, at the borrower’s option, LIBOR plus a spread ranging from 2.15% to 3.65%, or base rate plus a spread ranging from 1.15% to 2.65%, with such spread in each case dependent upon the Company’s Senior Secured Leverage Ratio (as defined in the Credit Agreement).


From time to time, the agents, arrangers, book runners and lenders under the Credit Agreement and their affiliates have provided, and may provide in the future, investment banking, commercial lending, hedging and financial advisory services to the Company and its affiliates in the ordinary course of business, for which they have received, or may in the future receive, customary fees and commissions for these transactions.


The foregoing description of the Ninth Amendment is not complete and is qualified by reference to the full text of the Ninth Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.


Item 9.01Financial Statements and Exhibits.




Exhibit No.   Description
10.1   Ninth Amendment to Credit Agreement, dated November 10, 2017, by and among Gran Tierra Energy International Holdings Ltd., Gran Tierra Energy Inc., The Bank of Nova Scotia, and the lenders party thereto.







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: November 13, 2017 GRAN TIERRA ENERGY INC.
  By: /s/ Ryan Ellson
  Name: Ryan Ellson
  Title: Chief Financial Officer