W&T Offshore Announces Closing of $350 Million Senior Second Lien Notes Offering And Additional Strengthening of Balance Sheet

W&T Offshore, Inc. (WTI)
Last w&t offshore, inc. earnings: 3/4 04:45 pm
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Source: GlobeNewswire
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the closing, on January 28, 2025, of its previously announced offering of $350 million in aggregate principal amount of 10.750% Senior Second Lien Notes due 2029 (the “Notes”) at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and receipt of proceeds from a previously-announced insurance settlement. In conjunction with the issuance of the Notes, the Company entered into a credit agreement with certain lenders and other parties which provides the Company a revolving credit facility of $50 million. Closed $350 million of Notes; Lowered the interest
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WTI
News
- W&T Offshore Announces Management PromotionGlobeNewswire
- W&T Offshore, Inc. (NYSE: WTI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- W&T Offshore Q4 Loss Meets Estimates, Revenues Decline Y/Y [Yahoo! Finance]Yahoo! Finance
- W&T Offshore (WTI) Reports Q4 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- W&T Offshore Announces Fourth Quarter and Full Year 2024 Results Including Year-End 2024 Proved Reserves, Provides Guidance for 2025 and Declares Dividend for First Quarter of 2025GlobeNewswire
WTI
Earnings
- 3/3/25 - In-Line
WTI
Sec Filings
- 4/2/25 - Form 4
- 3/4/25 - Form 4
- 3/4/25 - Form 10-K
- WTI's page on the SEC website