secwatch.observer — SEC 8-K summary
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Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001104659-24-076824
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

W&T Offshore extends credit maturity to Dec 31, 2024; replaces EY with Deloitte as auditor
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- Extended credit agreement maturity from June 30 to December 31, 2024, subject to monthly conditions and no lender termination notice.
- Prohibited loan proceeds use for other indebtedness; lowered excess cash sweep threshold.
- No borrowings outstanding as of March 31, 2024; $4.4M letters of credit cash collateralized.
- Dismissed Ernst & Young as auditor on June 25, 2024; no disagreements or reportable events reported.
- Engaged Deloitte & Touche as new independent auditor for the fiscal year ending December 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465924076824/0001104659-24-076824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465924076824/tm2418574d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-076824

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