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An announcement from W&T Offshore ( (WTI) ) is now available.
On January 14, 2025, W&T Offshore announced the pricing of a $350 million offering in senior second lien notes due 2029, aimed at refinancing existing debt and covering expenses related to the offering. The company plans to use the proceeds to manage outstanding notes and repay a term loan, potentially affecting its financial structure and market dynamics.
More about W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer operating in the Gulf of Mexico, with a focus on acquisitions, exploration, and development. The company holds interests in 53 fields and leases approximately 673,100 gross acres across federal and state waters, primarily in Louisiana, Texas, Mississippi, and Alabama.
YTD Price Performance: 0.56%
Average Trading Volume: 2,096,367
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $252M
See more data about WTI stock on TipRanks’ Stock Analysis page.