W & T Offshore Inc, founded in 1983 and based in Houston, Texas, is an independent oil and natural gas company focused on the exploration, development, and production of offshore resources in the Gulf of Mexico. The company operates a diverse portfolio of properties, emphasizing sustainable and efficient production methods.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| WTI 10.75% 2029-02-01 USDW & T Offshore Inc | United States | 2029-02-01 | 10.750 | 10.70 |
| WTI 10.75% 2029-02-01 USDW & T Offshore Inc | United States | 2029-02-01 | 10.750 | 10.76 |
| WTI 11.75% 2026-02-01 USDW & T Offshore Inc | United States | 2026-02-01 | 11.750 | 10.27 |
| WTI 11.75% 2026-02-01 USDW & T Offshore Inc | United States | 2026-02-01 | 11.750 | 10.27 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
W & T Offshore has been active in the debt markets since 2003, launching its inaugural bond issuance in that year to support its growth initiatives. Notably, in 2020, the company issued $275 million in senior secured notes, which attracted attention for their favorable terms amid market volatility. As of October 2023, current yields on W & T's bonds are around 8%, comparative to an industry average of approximately 6%, reflecting a higher risk perception among investors. Recent news includes plans for refinancing that may enhance liquidity and extend maturities, indicating a proactive approach to managing its capital structure.