W&T OFFSHORE INC (WTI): debt financing — W&T Offshore extends credit facility maturity by one month to Feb 29, 2024

W&T OFFSHORE INC

Maturity extended from Jan 31, 2024 to Feb 29, 2024 via Fourteenth Amendment to Credit Agreement.
No borrowings outstanding under the facility as of Sep 30, 2023.
$4.4M in letters of credit are cash collateralized.
Amendment executed with sole lender Calculus Lending, LLC.

item 1.01 item 2.03 item 9.01

Key facts

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 amended credit facility with Alter Domus (US) LLC maturing February 29, 2024.

Instrument: credit facility
Counterparty: Alter Domus (US) LLC
Maturity: February 29, 2024
Event: amendment

Exact text from the filing

The Fourteenth Amendment, which became effective as of January 26, 2024, amends the Sixth Amended and Restated Credit Agreement dated as of October 18, 2018 to extend the maturity date from January 31, 2024 to February 29, 2024.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

W&T OFFSHORE INC amended Fourteenth Amendment with Alter Domus (US) LLC, as administrative agent, and certain of the Company’s lenders (effective 2024-01-26).

Action: amendment
Agreement: credit facility
Counterparty: Alter Domus (US) LLC, as administrative agent, and certain of the Company’s lenders
Effective: 2024-01-26

Exact text from the filing

On January 26, 2024, W&T Offshore, Inc. (together with its guarantor subsidiaries, the “Company”) entered into a Fourteenth Amendment to the Sixth Amended and Restated Credit Agreement (the “Fourteenth Amendment”) dated as of January 26, 2024, 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 0001104659-24-007296

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