secwatch.observer — SEC 8-K summary
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Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0001104659-25-003486
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465925003486/0001104659-25-003486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465925003486/tm253053d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-003486

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