Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
W&T OFFSHORE INC incurred senior notes of $275 million with Wilmington Trust, National Association at 11.750% maturing February 1, 2026.
- Instrument
- senior notes
- Principal
- $275 million
- Counterparty
- Wilmington Trust, National Association
- Rate
- 11.750%
- Maturity
- February 1, 2026
- Event
- incurrence
Exact text from the filing
On January 27, 2023 (the “Closing Date”), W&T Offshore, Inc. (the “Company”) issued and sold $275 million in aggregate principal amount of its 11.750% senior second lien notes due 2026 (the “Notes”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
W&T OFFSHORE INC terminated Existing Notes Indenture with Wilmington Trust, National Association (effective 2023-01-27).
- Action
- termination
- Agreement
- notes offering
- Counterparty
- Wilmington Trust, National Association
- Effective
- 2023-01-27
Exact text from the filing
In connection therewith, the Company irrevocably instructed such trustee to apply the trust funds toward the redemption of the Existing Notes on February 8, 2023, and elected to satisfy and discharge the Indenture, dated as of October 18, 2018, by and among the Company, the guarantors party thereto and Wilmington Trust, National Association, as trustee (the “Existing Notes Indenture”), which governs the Existing Notes.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
W&T OFFSHORE INC entered into Indenture with Wilmington Trust, National Association valued at $275 million (effective 2023-01-27).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Wilmington Trust, National Association
- Value
- $275 million
- Effective
- 2023-01-27
Exact text from the filing
On the Closing Date, the Company entered into an indenture (the “Indenture”) by and among the Company, W & T Energy VI, LLC, W & T Energy VII, LLC, Aquasition III LLC, Aquasition IV LLC, Aquasition V LLC, Green Hell LLC, Seaquester LLC and Seaquestration LLC (collectively, the “Guarantors”), and Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”), which governs the terms of the Notes.
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