W&T Offshore Inc.
Description
Has closed transactions to effect a refinancing of substantially all of its outstanding indebtedness. The company today closed its previously announced private offering of $625 million in aggregate principal amount of 9.75% senior second lien notes due 2023 which priced at par. The company also entered into a sixth amended and restated credit agreement which provides for a revolving credit and letter of credit facility with an initial borrowing base of $250 million.