W&T Offshore prices $350M 10.75% senior second lien notes due 2029

W&T OFFSHORE INC

$350M aggregate principal at 10.750% coupon, priced at par, due 2029; closing expected Jan. 28, 2025.
Proceeds to repurchase outstanding 11.750% senior second lien notes due 2026 via tender offer.
Net proceeds also repay Munich Re Risk Financing term loan and pay related fees and expenses.
Refinancing replaces higher-cost 11.750% debt with 10.750% notes, reducing interest expense.

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