We advised the lead dealer manager and solicitation agent on the exchange offer

Davis Polk advised the lead dealer manager and solicitation agent in connection with a Rule 144A / Regulation S exchange offer by Gran Tierra Energy Inc. (GTE) to exchange any and all of its 9.500% senior secured amortizing notes due 2029 for cash and new 9.750% senior secured amortizing notes due 2031. We also advised the dealer managers and solicitation agents with respect to the related solicitations of consents from the holders of the existing notes to amend the indenture governing such notes. The new notes are unconditionally guaranteed by certain subsidiaries of GTE organized under the laws of Switzerland and are secured by the equity interests of the Swiss guarantors.

Headquartered in Calgary, Alberta, Canada, GTE is an international exploration and production company focused on international oil and gas exploration and production with assets currently in Canada, Colombia and Ecuador.

The Davis Polk capital markets team included partners Pedro J. Bermeo and Stephen A. Byeff and associate Hope Goimarac. Counsel Liang Zhang and associate Fred (Chen) Fu provided tax advice. The environmental team included counsel David A. Zilberberg and associate Timothy J. Sullivan. All members of the Davis Polk team are based in the New York office.

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