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W&T Offshore Inc. Message Board

  • phoenix_investor phoenix_investor Nov 8, 2013 8:36 PM Flag

    And 2% interest is dirt cheap to acquire the Callon Medusa interests.

    (d)
    The acquisition was assumed to be f unded entirely with borrowed funds. Interest expense was computed using assumed borrowings of $76.4 million, which equates to the cash component of the transaction, and an interest rate of 2.0%, which equates to the rates applied to incremental borrowings on the revolving bank credit facility.

 
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