W&T Offshore Prices $350 Million Senior Second Lien Notes Offering
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W&T Offshore, Inc. has announced the pricing of a $350 million senior second lien notes offering, with a 10.750% interest rate due in 2029. The offering is set to close on January 28, 2025, pending customary conditions.
January 14, 2025 | 10:30 pm
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W&T Offshore has priced a $350 million senior second lien notes offering at 10.750%, due 2029. This move could impact the company's financial structure and interest obligations.
The issuance of $350 million in senior second lien notes at a high interest rate of 10.750% suggests W&T Offshore is seeking to raise capital, possibly for debt refinancing or other financial strategies. This could affect the company's leverage and interest expenses, but the impact on stock price is uncertain without further context on the use of proceeds.
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IMPORTANCE 70
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