Highest-materiality recent filing
Dismissal without prejudice of lawsuit with USSIC and PHLY; two sureties represent ~70% of W&T's surety bond portfolio.
W&T Offshore issues $350M 10.750% senior second lien notes due 2029, enters new $50M credit facility
Issued $350M in 10.750% senior second lien notes due Feb 1, 2029; interest payable Feb 1 and Aug 1 starting Aug 1, 2025.
W&T Offshore closes $350M notes offering, lowers coupon 100bp, tenders 98% of 2026 notes
Closed $350M of 10.750% senior second lien notes due 2029; coupon reduced 100bp from prior 11.750% notes.
W&T Offshore prices $350M 10.75% senior second lien notes due 2029
$350M aggregate principal at 10.750% coupon, priced at par, due 2029; closing expected Jan. 28, 2025.
W&T Offshore proposes $350M notes offering; faces $254.7M collateral demands
$350M senior second lien notes due 2029; proceeds to refinance 2026 notes and repay MRE term loan.
W&T Offshore commences tender offer for $275M 2026 notes, plans $350M new notes due 2029
Tender offer for any and all $275M outstanding 11.750% Senior Second Lien Notes due 2026.
W&T Offshore receives $58.5M insurance settlement, sells non-core interest for $12.3M
Signed PSA to sell non-core Garden Banks interest with 195 Boe/d (72% oil) for $12.3M; expects close Jan 2025.
W&T Offshore extends credit maturity to Dec 31, 2024; replaces EY with Deloitte as auditor
Extended credit agreement maturity from June 30 to December 31, 2024, subject to monthly conditions and no lender termination notice.
W&T Offshore extends credit facility maturity by one month to June 30, 2024; no borrowings
Extended maturity date from May 31, 2024 to June 30, 2024 via Eighteenth Amendment.
W&T Offshore defers $30.1M principal payments on non-recourse term loan through 2024
Deferred $30.1M of principal repayments due in 2024; mandatory payments resume Q1 2025 with optional catch-up via excess cash flow sweep.
On May 20, 2024, the Board of Directors of W&T Offshore, Inc. (the “Company”) approved the acceptance of the resignation of Jonathan Curth, Executive Vice President, General Counsel and Corporate Secretary, effective May 24, 2024.
appointed Mr. John D. Buchanan to fill the vacancy on the Board effective April 8, 2024.
Max materiality 0.85 · Median 0.40 · Most common event debt