#Canada #Senior Notes #Toronto #Tender Offer #Frontera Energy

Frontera Energy Extends Early Tender Date for Its Senior Notes

Frontera Energy Corporation, a Toronto Stock Exchange-listed company involved in oil and gas operations in South America, has recently updated the market regarding its outstanding 7.875% Senior Secured Notes due 2028. The Company announced an extension of the early tender date and consent deadline for its tender offer and consent solicitation, aimed at holders of its senior notes.

As of May 23, 2025, by 5:00 p.m. New York City time, holders of approximately U.S. $124,134,000 of the senior notes had either tendered their notes or provided valid consents in response to the Company's offer. The initial consent deadline was not met, leading to the decision to provide additional time for participation. This extension also aims to ensure that the Company receives the requisite consents necessary for proposed amendments.

The new deadline is now set for June 9, 2025, at the same 5:00 p.m. NYC time mark, coinciding with the expiration time for the offer. Additionally, holders who validly tender their notes by this extended deadline will still qualify for the total consideration payments as outlined in the offer documents, which encompasses both the early tender consideration and any accrued interest since the last payment date.

It is essential to note that withdrawal rights associated with the tender offer expired on the original deadline of May 23, 2025. Hence, any notes tendered prior to this withdrawal deadline cannot be rescinded except where required by law. Holders who have already participated in the tender and wish to take advantage of the extended period can do so without losing their benefits.

The successful consummation of the tender offer and payment for the notes is contingent upon the satisfaction of specific conditions outlined in the offer to purchase. The Company reserves the right to amend terms or potentially terminate the offer as deemed necessary, with settlement expected to take place on June 11, 2025, contingent upon these conditions being met.

Frontera Energy Corporation operates with a diversified portfolio that includes interests in various exploration and production blocks, alongside pipeline assets across Colombia, Ecuador, and Guyana. The company is committed to conducting its business affairs safely and responsively to both social and environmental responsibilities.

In the wake of the global oil market's unpredictability and rising inflationary pressures, Frontera's strategic moves regarding its finances become critical. With several economic uncertainties, including fluctuating oil prices and geopolitical tensions, the company is positioning itself to optimize stakeholder benefits while navigating these challenges.

Furthermore, indications suggest that a significant proportion of its common shares are held by The Catalyst Capital Group Inc., which also manages funds that have control over a notable principal amount of the notes, reflecting a vested interest in the Company's fiscal decisions going forward.

For those interested in participation or further inquiries, the information regarding the tender offer can be obtained through the designated information and tender agent, Morrow Sodali International LLC. They are equipped to facilitate the requests for documentation and contractor details via their official web platform.

In conclusion, this extension by Frontera Energy Corporation for its senior notes reflects an adaptive approach in a dynamic financial landscape, aiding in increasing investor participation while optimizing potential returns for both the company and its stakeholders. Interested holders are encouraged to assess their positions and consider participating in this opportunity before the new deadline approaches.