{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-007692","form_type":"8-K","ticker":"WTI","cik":"0001288403","company_name":"W&T OFFSHORE INC","filed_at":"2023-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.236447+00:00","generated_at":"2026-06-20T06:30:54.060501+00:00","sec_items":["1.01","1.02","2.03","7.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"W&T Offshore closes $275M 11.75% senior notes due 2026, redeems existing 9.75% notes","bullets":["Issued $275M aggregate principal of 11.75% Senior Second Lien Notes due 2026 at par in a private offering.","Net proceeds of offering plus cash on hand used to redeem all outstanding 9.75% Senior Second Lien Notes due 2023.","CEO states refinancing reduces debt and interest payments, improves balance sheet and preserves financial flexibility for acquisitions.","Notes mature February 1, 2026; interest payable February 1 and August 1, beginning August 1, 2023.","Notes are secured by second-priority liens on same collateral as revolving credit facility, subordinated to priority lien obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-007692","json":"https://secwatch.observer/filing/0001104659-23-007692.json","markdown":"https://secwatch.observer/filing/0001104659-23-007692.md","text":"https://secwatch.observer/filing/0001104659-23-007692.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1288403/000110465923007692/0001104659-23-007692-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1288403/000110465923007692/tm234570d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T06:30:54.060501+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ffcbd26133f7e679dc1b8f57d32e602778a1f20c","claim":"W&T OFFSHORE INC incurred senior notes of $275 million with Wilmington Trust, National Association at 11.750% maturing February 1, 2026.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1288403/000110465923007692/0001104659-23-007692-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$275 million"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"11.750%"},{"label":"Maturity","value":"February 1, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"095d19d0f2e0941c53ec46876ae12f8df5acdc10","claim":"W&T OFFSHORE INC terminated Existing Notes Indenture with Wilmington Trust, National Association (effective 2023-01-27).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1288403/000110465923007692/0001104659-23-007692-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Effective","value":"2023-01-27"}],"fact_type":"material_agreement"},{"claim_id":"a30050f2f513f5ed6e27b11f9093c34a99cf8953","claim":"W&T OFFSHORE INC entered into Indenture with Wilmington Trust, National Association valued at $275 million (effective 2023-01-27).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1288403/000110465923007692/0001104659-23-007692-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Value","value":"$275 million"},{"label":"Effective","value":"2023-01-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}