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W&T Offshore ( (WTI) ) has issued an announcement.
W&T Offshore, Inc. announced a private offering of $350 million in senior second lien notes due 2029, intending to use the proceeds to manage existing debt and finance operational expenditures. The company is also facing significant legal and financial challenges related to collateral demands from surety providers, which could impact its liquidity and necessitate alternative financing strategies.
More about W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer operating primarily in the Gulf of Mexico. The company has grown through acquisitions, exploration, and development, with significant interests in both federal and state waters, and focuses on offshore oil and gas extraction.
YTD Price Performance: -3.93%
Average Trading Volume: 2,084,468
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $252M
For a thorough assessment of WTI stock, go to TipRanks’ Stock Analysis page.
