Brief: W&T Offshore Completes Conversion Of Revolving Credit Facility To Reserve-Based Lending Structure, Enhancing Financial Flexibility
07/10/2026 22:26
BRIEF-W&T Offshore Completes Conversion Of Revolving Credit Facility To Reserve-Based Lending Structure, Enhancing Financial Flexibility W&T Offshore, Inc. WTI.N:
W&T OFFSHORE COMPLETES CONVERSION OF REVOLVING CREDIT FACILITY TO RESERVE-BASED LENDING STRUCTURE, ENHANCING FINANCIAL FLEXIBILITY
W&T OFFSHORE - ENTERS SECOND AMENDMENT TO CREDIT AGREEMENT ON OCTOBER 1, 2026
W&T OFFSHORE - CONVERTS $50 MILLION REVOLVING CREDIT FACILITY TO RESERVE-BASED LENDING FACILITY
W&T OFFSHORE - BORROWING BASE TO BE REDETERMINED SEMI-ANNUALLY STARTING NOVEMBER 1, 2026
W&T OFFSHORE - INITIAL BORROWING BASE $50 MILLION, MAXIMUM CREDIT AMOUNT $100 MILLION
Source text: ID:nGNX7Q7PN3
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