W&T Offshore to Offer $350 Million of Senior Notes

MT Newswires Live
13 Jan

W&T Offshore (WTI) said Monday that it plans to offer $350 million of senior second lien notes due 2029 in a private offering.

The company said it plans to use the net proceeds, along with cash on hand, primarily to buy its outstanding 11.75% senior second lien notes due 2026 and to repay outstanding amounts under the term loan provided by Munich Re Risk Financing.

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