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Published on 1/9/2023 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

W&T Offshore to use proceeds to redeem second-lien notes due 2023

By Mary-Katherine Stinson

Lexington, Ky., Jan. 9 – W&T Offshore Inc. plans to use the proceeds from the issuance of three-year second-lien senior secured notes plus available cash to redeem in full its 9¾% second-lien senior secured notes due 2023, according to a press release on Monday.

The redemption will be at par plus accrued interest.

W&T Offshore is a Houston-based oil and gas exploration and production company.


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