W&T Offshore Inc. (NYSE: WTI) closed the exchange offer relating to its 8.5% senior notes due 2019.
The company's offer to exchange up to US $300 million aggregate principal amount of its 8.5% senior notes due 2019 for an equal principal amount of its 8.5% senior notes due 2019 expired on Feb. 19. The company closed the exchange offer on Feb. 20. The company received and accepted tenders of 100% of the old notes that were outstanding.
Headquartered in Houston, W&T Offshore Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and onshore in both the Permian Basin of West and East Texas.