W&T Offshore enters Twelfth Amendment to credit agreement, adds two guarantor subsidiaries

W&T OFFSHORE INC

Twelfth Amendment dated May 15, 2023 amends Sixth Amended and Restated Credit Agreement.
Excludes interests in TVPX 12372 Business Trust and TVPX 12371 Statutory Trust from collateral.
Falcon Aero Holdco LLC and Falcon Aero Holdings LLC added as guarantors.
No borrowings outstanding under the credit agreement as of March 31, 2023; $4.4M in cash-collateralized letters of credit.
No borrowings incurred during Q1 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

W&T OFFSHORE INC amended Twelfth Amendment to Sixth Amended and Restated Credit Agreement with Alter Domus (US) LLC, as administrative agent, and certain of the Company’s lenders and other parties thereto (effective 2023-05-15).

Action: amendment
Agreement: credit facility
Counterparty: Alter Domus (US) LLC, as administrative agent, and certain of the Company’s lenders and other parties thereto
Effective: 2023-05-15

Exact text from the filing

On May 15, 2023, W&T Offshore, Inc. (together with its guarantor subsidiaries, the “Company”) entered into a Twelfth Amendment to Sixth Amended and Restated Credit Agreement (the “Twelfth Amendment”) dated as of May 15, 2023, among the Company, certain of its guarantor subsidiaries, Alter Domus (US) LLC, as administrative agent, and certain of the Company’s lenders and other parties thereto (as heretofore amended, the “Credit Agreement”).

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Source: SEC EDGAR

accession 0001104659-23-062760

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