W&T Offshore Announces Proposed Senior Second Lien Notes Offering
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W&T Offshore, Inc. announced a proposed offering of $350 million in senior second lien notes due 2029. The offering is private and exempt from registration under the Securities Act of 1933.
January 13, 2025 | 5:15 am
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W&T Offshore is planning to offer $350 million in senior second lien notes due 2029. This move is aimed at raising capital through a private offering exempt from registration under the Securities Act.
The announcement of a $350 million notes offering indicates W&T Offshore's intention to raise capital, which could be used for various corporate purposes. The impact on the stock price is neutral in the short term as it depends on market conditions and investor reception of the offering.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100