W&T Offshore plans $450 million offering of seven-year senior notes

By Paul A. Harris

St. Louis, May 31 - W&T Offshore, Inc. announced in a Thursday press release that it plans to sell $450 million of seven-year senior notes via Rule 144A and Regulation S.

Proceeds will be used to reduce bank debt.

The prospective issuer is a Houston-based independent oil and natural gas company focused primarily in the Gulf of Mexico, including exploration in the deepwater and deep shelf regions.

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