Thursday, January 23, 2025
Hess Puts 2017 Spend at $2.25 Billion

W&T Offshore Announces Debt Exchange Results

W&T Offshore announced early participation results for the company’s tender offer to exchange its 8.5% senior notes due 2019 ($900 million aggregate principal outstanding) for new second lien paid-in-kind (PIK) toggle notes due 2020 and third lien PIK toggle notes due 2021, and equity. To date, the company has exchanged 78.9% of qualifying notes for a total of $710.2 million.