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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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