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The latest update is out from W&T Offshore ( (WTI) ).
On January 28, 2025, W&T Offshore, Inc. issued $350 million in senior second lien notes due 2029, secured by oil and gas properties. The funds were used to refinance existing debt and enhance liquidity, impacting the company’s financial strategy and stakeholder interests. Additionally, the firm entered into a new credit agreement with an initial commitment of $50 million, which included specific covenants and hedging requirements, reflecting a strategic shift in financial management.
More about W&T Offshore
W&T Offshore, Inc. operates in the oil and natural gas industry, focusing on the exploration, development, and acquisition of properties. The company is primarily engaged in extracting oil and natural gas resources from its various properties.
YTD Price Performance: -12.36%
Average Trading Volume: 2,128,891
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $229.9M
For a thorough assessment of WTI stock, go to TipRanks’ Stock Analysis page.
