Market News / Story
W&T Offshore Completes Conversion of Revolving Credit Facility to Reserve-Based Lending Structure, Enhancing Financial Flexibility
GlobeNewswire ·
GlobeNewswire reports: Eliminates cash sweep, quarterly clean-down and asset coverage test; increases restricted payments capacity 50% to $15 million with no change to pricing or financial covenants and no amendment fees HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) today announced that on October 1, 2026, the Company entered into the Second Amendment to its Credit Agreement with Texas Capital Bank, as administrative agent, and its bank group,…