W&T Offshore extends credit agreement maturity to April 30, 2024; no borrowings outstanding

W&T OFFSHORE INC

Extended maturity date from March 28 to April 30, 2024 via Sixteenth Amendment to credit agreement.
No borrowings outstanding under the credit agreement as of December 31, 2023.
Had $4.4 million in letters of credit outstanding, fully cash collateralized as of Dec 31, 2023.
Amendment executed March 28, 2024 among W&T, guarantor subsidiaries, agent, and sole lender Calculus Lending.

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 Sixteenth Amendment with Alter Domus (US) LLC, as administrative agent, and certain of the Company's lenders and other parties thereto (effective 2024-03-28).

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: 2024-03-28

Exact text from the filing

On March 28, 2024, W&T Offshore, Inc. (together with its guarantor subsidiaries, the “Company”) entered into a Sixteenth Amendment to the Sixth Amended and Restated Credit Agreement (the “Sixteenth Amendment”) dated as of March 28, 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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W&T OFFSHORE INC filing history →

Source: SEC EDGAR

accession 0001104659-24-040518

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