debt
confidence high
sentiment negative
materiality 0.60
W&T Offshore extends credit facility maturity by one month to June 30, 2024; no borrowings
W&T OFFSHORE INC
- Extended maturity date from May 31, 2024 to June 30, 2024 via Eighteenth Amendment.
- As of March 31, 2024, no borrowings outstanding; $4.4M in cash-collateralized letters of credit.
- Amendment with sole lender Calculus Lending, LLC and administrative agent Alter Domus.
- Short one-month extension indicates ongoing efforts to secure longer-term refinancing.