W&T Offshore Announces Initial Results of Cash Tender Offer and Consent Solicitation
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W&T Offshore announced the initial results of its cash tender offer and consent solicitation for its 11.750% senior second lien notes due 2026. The company aims to eliminate restrictive covenants and events of default in the indenture governing these notes.

January 29, 2025 | 11:45 am
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W&T Offshore's tender offer and consent solicitation for its 2026 notes could improve financial flexibility by removing restrictive covenants, potentially impacting its credit profile positively.
The tender offer and consent solicitation aim to eliminate restrictive covenants and events of default, which could improve W&T Offshore's financial flexibility and credit profile. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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