W&T Offshore Closes 8.5% Senior Notes Exchange Offer
W&T Offshore (NYSE: WTI) announced today that it has closed the exchange offer relating to its 8.500% Senior Notes Due 2019. The Company's offer to exchange up to $300,000,000 aggregate principal amount of its 8.500% Senior Notes Due 2019 ("Old Notes") that were not registered under the Securities Act of 1933, as amended (the "Securities Act"), for an equal principal amount of its 8.500% Senior Notes Due 2019 ("New Notes") that have been registered under the Securities Act, expired at 5:00 p.m., New York City time, on February 19, 2013. On February 20, 2013, the Company closed the exchange offer. The Company received and accepted tenders of 100% of the Old Notes that were outstanding.
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