W&T Offshore Commences Cash Tender Offer and Consent Solicitation
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W&T Offshore, Inc. has initiated a cash tender offer for its outstanding $275 million 11.750% Senior Second Lien Notes due 2026, contingent on issuing $350 million in new notes due 2029.
January 13, 2025 | 6:45 pm
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W&T Offshore is offering to buy back its $275 million 2026 notes, contingent on issuing $350 million in new 2029 notes. This move could impact the company's debt structure and financial strategy.
The tender offer and new issuance could affect W&T Offshore's debt profile and interest expenses. However, the impact on stock price is uncertain as it depends on market perception of the company's financial strategy.
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