FX.co ★ W&T Offshore To Offer $350 Mln Of Senior Second Lien Notes

W&T Offshore, Inc. (WTI), a company engaged in oil and gas production, announced on Monday its plans to issue $350 million in senior second lien notes, set to mature in 2029, through a private offering. The proceeds from this offering are earmarked for several purposes: repurchasing WTI's 11.750% senior second lien notes maturing in 2026, settling its term loan, and covering premiums, fees, and other expenses related to this and other financial transactions.