W&T Offshore prices $350 million senior second lien notes to refinance existing debt

From GlobeNewswire: 2025-01-14 17:15:05

W&T Offshore, Inc. announced the pricing of $350 million in senior second lien notes due 2029 in a private offering exempt from registration. The company plans to use the proceeds to purchase outstanding 2026 Senior Second Lien Notes, repay the MRE Term Loan, and cover related expenses. The Notes have not been registered under the Securities Act and are offered to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S. W&T Offshore is an oil and gas producer with operations in the Gulf of Mexico, holding working interests in 53 fields across federal and state waters.



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