secwatch.observer — SEC 8-K summary
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Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001104659-25-006983
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

W&T Offshore closes $350M notes offering, lowers coupon 100bp, tenders 98% of 2026 notes
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- Closed $350M of 10.750% senior second lien notes due 2029; coupon reduced 100bp from prior 11.750% notes.
- Repaid $114.2M MRE Term Loan and entered new $50M revolving credit facility (undrawn) through July 2028.
- Received $58.2M insurance settlement for Mobile Bay 78-1 well; expects remaining $0.3M shortly.
- Tender offer purchased $269.7M (98.09%) of outstanding 11.750% notes due 2026 at $1,036.25 per $1,000 plus accrued.
- Remaining $5.3M of old notes to be redeemed on Aug 1, 2025; tender offer expires Feb 11, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465925006983/0001104659-25-006983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465925006983/tm254674d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-006983

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