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W&T Offshore ( (WTI) ) has shared an update.
W&T Offshore has announced a cash tender offer for its outstanding 11.750% Senior Second Lien Notes due 2026, contingent upon the issuance and sale of new notes due 2029. The company is also seeking consent from current noteholders to amend certain restrictive covenants within the existing indenture. This move aims to improve financial flexibility and potentially reduce debt obligations, which could enhance the company’s strategic position in the industry.
More about W&T Offshore
W&T Offshore, Inc. is a company operating in the oil and gas industry, primarily engaged in the exploration, development, and acquisition of oil and natural gas properties. The company focuses its efforts within the Gulf of Mexico region.
YTD Price Performance: -3.93%
Average Trading Volume: 2,084,468
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $252M
See more data about WTI stock on TipRanks’ Stock Analysis page.
