W&T Offshore (WTI) said Wednesday it has closed its offering of $350 million of 10.75% senior second lien notes due 2029 at par in a private offering.
The firm also said it entered into a credit agreement for a $50 million revolving credit facility through July 2028.
Additionally, W&T said it received $58.2 million of the previously disclosed $58.5 million insurance settlement related to the Mobile Bay 78-1 well, with the remainder expected shortly.
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